We have a nice sell setting up on the FTSE. Price does need to break the ascending trendline for confirmation.
Crude oil update. Crude is coming up against that 60 level we need to break 57.70 for a potential short term sell setup.
Gold prices would need to close below that upper trend line for us to consider a short term sell. We would also ideally like to see a retest of that trend line as resistance.
Looking for a potential short on the FTSE 4 hourly chart. We need to see a break and close below the ascending trend line. We have MACD Divergence so just need to see a set up and trigger candle. Looking for the first 4 hours of trading Monday to review.
As we see gold rally back to 1300. Expect some resistance at that level. Also we are ultimately looking for an opportunity to scale into a trade on the short side.
We are looking for a long trades on the US 10Y Bonds based on our weekly candle close strategy.
I'm bearish on gold in the short term.
The Dax is poised for a potential short term trading opportunity.