LandofTrading

LandofTrading

We have seen whole day profit taking last Friday and that does not look good from bears perspective. Of course bulls need to close day above pre ECB breakdown ( in that case 1,10 still possible ) But Im not going to be surprise if we see higher levels from here, based on possible demand on weekly chart

LandofTrading

We are testing very interesting zone from intraday perspective. Looking for rally back towards 111,6. Stop below 110,8

LandofTrading

As long as bulls are able to hold 1,8450 on daily basis we may see 1,90 and even 2,00 relatively quickly. I would like to buy pullback towards 1,8525/8475 with 1,90 as first target. Two conscutive daily close below 8450 will cancel this bullish scenario.

LandofTrading

Broek intraday demand, now rally back into that zone so supply should be active around 125,85/00, stops above the figure

LandofTrading

As promised few minutes ago more details about possible short: Looking to sell rallies twds 3070/85 with tight stop above figure 2 possible targets on the chart Risk events: FOMC minutes Juncker vs May meeting today at 17:30 GMT

LandofTrading

Based on daily chart we are testing first possible supply level/zone and there is some reaction ( hence not big yet ) Im going to sell intrtaday rallies twds 70ish and more details on intraday chart within few minutes Risk events: FOMC minutes Juncker May meeting today 17:30 GMT

LandofTrading

Bulls do have a problem to move back above 1315 but still holding above 1300. If we see stronger dollar in coming days 1300 might be broken. In that case ( only in that case ! ) I will look to sell retest of 1315 with target around 1260/1240.

LandofTrading

Lastest sharp move higher hit possible supply zone based on intraday chart. Shorts in play with stop above the zone. First possible target 109,70/50 second around 108,50.

LandofTrading

Within last three days bears were able to get back and hold below falling TL. Im looking to sell rallies towards 1,30, first possible target around 1,2850, second around 1,27. Stop is going to based on 1hr chart and will be placed above the candle rejecting 1,30 lvl

LandofTrading

7520/40 as possible intraday supply, 7440 as first possible target

LandofTrading

Correction after Fridays rally may reach 1380/70 or 1350/40 and we should see another leg higher towards 1480+

LandofTrading

Higher prices still possible. Unfortunately last Fridays fireworks may delay strong dollar rally a bit. Looks like Mr Market will look for more stops to the downside ( all details on the chart ). Bullish as long as demand zone holds

LandofTrading

Possible supply towards 1,31/3200 and above towards 1,33 and 1,35/3600 and possible demand around 1,27. Break below 1,27 may expose 1,25. Brexit related news will drive the market again and we should see highier volatility. Will look to sell failure above 1,3150

LandofTrading

Dollar recovered strongly and swing low been created on weekly chart. As long as it holds 97 and even 98,50 possible.

LandofTrading

Some space left for bulls, so im not going to chase the price and will look to sell rallies towards 2650/90

LandofTrading

The oil bull momentum seems to be fading ahead of weekly inventories and Monthly oil reports from IEA and OPEC. The The inventories are expected to fall whoch this time could be tricky as last weeks we could se a strong built up in fuel and destilate invetnories which could eventually hold back refinery demand. In this case a surprise rise in inventories could...

LandofTrading

Oil closed yesterday above key $50 level as the production cut seems to be real. But while Saudi Arabia claimed they are going to cut production by a significant amount, on the contrary new supply is coming and the main source is the US where the production is still at 11.7 M Barrels. Despite crude inventories dipped by 1.7M barrels, to 439.74M barrels, they...

LandofTrading

It's Bank of Canada day ;) Hike is expected by the Mr Market In my opinion it's big "if", even if they hike it will be dovish hike. So I do expect lower levels ahead of or right after ( stop hunt ) and then higher prices towards 1,35. Invalidation of that bullish view with daily close below 1,3150.