honestly copper looks great, big week of MRN up ahead, from a HTF POV looks like theyre starting to put pressure on monthly breakout traders. were currently in level 2 ofcurrent year's expansion. lets see how the week setups up. if i were you, id save your bullets for friday. from my experience, the days leading up to NFP are greedy days for insitutional money, if...
Oil ended april as a first red month, in which case may id be looking for sell high, they kept price suppressed and didnt attempt to make any significant higher highs this month, since there was no real place, except the start of may, to sell high, (and fundamentals somewhat driving my thesis) i would expect them to keep trapping volume down low for the frontside...
(i am neutral taking advantages of news/news year open and what i see on weekly setup and eventually looking for swing long) here is an idea of how i believe EURUSD will go this week, factoring more probabilty of parabolic price movements leading into the new year, (the dollar is going below 100 lets face it) i think this is a pretty good idea of how its going...