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Hey Traders,
As the holiday period comes to a close. We see no Santa rally as equities reversed slightly on Friday but closing just a bit higher. The rise in yield will likely be a cause of concern in Y2025.
As we close of the Y2024, we are happy to say our performance is once again great and hope that all of you manage to pack some profits from us.
Cheers!
Upcoming Economic Release
S&P500 Futures
The earlier support level seems to hold as the S&P500 ascend earlier on the week. However, it was met with minor resistance at 6,100 region and price reversed lower on Friday. If price continues to trade above the 5,910 region, we can expect more upside movement but if price breaks below the minor support at 5910, we can potentially see price trades towards 5725 region.
Dollar Index (DXY)
The United States Dollar Index closed the week higher, closing near the recent high. However price remains at an elevated level and could potentially retrace or begin trading in consolidation.
Spot Gold
Price for Gold continues to hover around the resistance region at 2625 region. If price trades back above 2625, we can see more range bound movement bewtween 2625 to 2715 region. However, if price breaks out of the 2560 region, we can potentially see more downside for Gold.
Trade Recap (Public Channel)
No Updates
Trade Recap (Private Channel)
No Updates
Trade Analysis / Setups
Sugar 11 - Front Month (Analysis 1-1)
Analysis: Price has been facing downside pressure for several weeks and the recent dip can be seen as an extended move, with addition to the supported level.
Long opportunity: Long at market reopening as high risk trade towards 19.96 as Take Profit - 1 level.
2024 Market Order Signal Accuracy Accuracy: 100% Wins: 14 Loss: 0 |
2024 Market Order Signal Accuracy (Private Channel) Accuracy: 100% Wins: 13 Loss: 0 |
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Stay safe out there and safe trading!
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