SenorBurgales

SenorBurgales

Just an idea. Tight SL, but still looking for buys down here, medium-term. Eyes on month-end Jackson Hole meeting of the world's key central bankers.

SenorBurgales

Brexit talks seem nearing to an end. The British pound has been chastised for the last 4 years for an event -Brexit- which has not yet really materialised. At a time when the USD is weakening against all major global currencies, GBP can be expected to move to the upside (TP near 1.43) on the back of successfully concluded Brexit talks. RSI seems positively backing...

SenorBurgales

Beginning of uptrend if channel breaks. Potential TP = height of broken channel, also retest of previous highs. Support seems to have been found at 50% fib retracement level. Tight SL below 2500. RSI indicator seems to back the upside

SenorBurgales

SP500 price action seems to be moving well within a channel, however the RSI indicator is still marking a notable divergence which should have us cautious.

SenorBurgales

A possible long in Cocoa, after breaking from a downtrend channel (now retesting it) and finding support at the 50% fib retracement level, cocoa might yet again go higher to retest the 2700 key level or 2730 (projected height of the broken channel). Cocoa's seasonality is somewhat against higher prices at least until February-March, so beware of the short term...