Get started
TradeTheStructure

Key Levels and US Market Review for the Asian session open 8/03

Light Crude Oil Futures (NYMEX:CL1!)  
TradeTheStructure  
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Support and Resistance Supply and Demand tradethestructure selloff stockmarketreview daytradingsetup intradaytrading indextrading USD Gold Oil
0
0
trendanalysis supportandresistance supplyanddemand tradethestructure selloff stockmarketreview daytradingsetup intradaytrading indextrading usd gold oil
A review of the price action from the European session and the US session. Major indexes took a big hit after Powell suggested that the US Central Bank could raise rates more aggressively than previously expected. The USD reacted sharply higher while US bonds spiked lower. Investors who recently went bargain hunting were now going risk off into the share market.

I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control.

I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.

Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper

Related Ideas

TradeTheStructure
Key Levels and US Market Review for the Asian session open 14/03
TradeTheStructure
Key Levels and US Market Review for the Asian session open 10/03
TradeTheStructure
Key Levels and US Market Review for the Asian session open 9/03
TradeTheStructure
Key Levels and US Market Review for the Asian session open 7/03
TradeTheStructure
Key Levels and US Market Review for the Asian session open 6/03
TradeTheStructure
Key Levels and US Market Review for the Asian session open 3/03
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.