Muted holiday trading has seen some unwinding of Friday’s rallies, with Brent crude and WTI edging lower. On Friday, Brent crude rose 2.60% to USD64.65 a barrel, and WTI rose by 3.05% to USD61.65 a barrel after the impressive Non-Farm Payroll data. Both contracts have edged 20 cents lower today. The seemingly invincible accelerating US recovery has offset OPEC+’s...
USD/JPY trades to a fresh yearly high (110.97) as a bull flag formation unfolds in March, with a ‘golden cross’ formation taking shake during the same period as the 50-Day SMA (106.70) crossed above the 200-Day SMA (105.60). The RSI reflects a similar dynamic as it continues to track the upward trend from the start of the year, and the overbought reading in the...
I took a buy on Gold yesterday taking advantage of a pull back. The trade played out perfectly and all TP's were hit, price then created a bear flag to continue with a bearish impulse to the downside. If this zone is not held there is a great chance Gold will be punished. I'm going in for another buy risking only 2% to if price will reverse at this zone. If it's...
Tp hit on Nas100 buy. The previous high may be tested after the pull-back. Lets take profit and prepare for the next setup.
Wow I sent out this oil sell to the group yesterday I honestly didn't expect this thing to move so fast to the down side but we'll take the win. It's been An amazing month with results. Let's keep running!!!
EURUSD is still bearish. The moves are choppy but the downtrend is steady. Time to walk away and let the money work.
We're finally breaking back into the the move to the down side. Still holding lets ride the wave.
Claimant Change released by the National Statistics presents the number of unemployed people in the UK today. Hopefully this will be enough influence to push price all the way to out TP
USDJPY has been bullish for 3 weeks. Price is now at the 200 EMA on the weekly so I'm expecting a pull back before the bull take control and continue to run.