In the coming week (July 14-18) we can expect great deal of volatility in the markets due to the scheduled release of the CPI & PPI data.
This past week the price has formed a strong support at its break of structure zone (BOS) around 3350.
In the coming week it is recommended to stay on the buy side of the market with a profit target of
3368-70
3393-95
3410-15
Should the market settle and close below 3348 then immediate downside targets would be
3333
3315
3308-5
Break below 3300 will expose 3285 levels
Since short term price is headed north but can come down significantly due to fundamental reasons I myself will adopt the hedge trading route.
This past week the price has formed a strong support at its break of structure zone (BOS) around 3350.
In the coming week it is recommended to stay on the buy side of the market with a profit target of
3368-70
3393-95
3410-15
Should the market settle and close below 3348 then immediate downside targets would be
3333
3315
3308-5
Break below 3300 will expose 3285 levels
Since short term price is headed north but can come down significantly due to fundamental reasons I myself will adopt the hedge trading route.
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.
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.