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nizamtrader2014
Sep 16, 2022 9:12 AM

CANNOT BREAK THE MID BB PULLBACK TO LOW BB FOR TSR20  Short

SGX SICOM TSR20 Futures,Nov-2024,Composite Futures (Oct 2022)SGX

Description

TSR20 was expected to do a pullback due to the correlation between the strong USD and the weak gold.
The pullback is expected to reach the low BB because as normal or standard analysis once the CS reach the mid-BB
and cannot break it it will go back to Low BB. However, it depends on the current economic news it can
affect the movement to reverse to a strong buy if the USD becomes weak and gold starts to strong buy again.
Good Luck
Comments
Tradersweekly
Thanks for the analysis.
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