.png)
Hey Traders,
US yield extended higher, closing higher everyday for the week as the market readjust itself to a stricter monetary policy with regards to a strong economy, ahead of the FOMC meeting. Next week schedule is heavy as shown below, expect volatility.
Upcoming Economic Release
S&P500 Futures
The S&P500 index experienced a slowdown in momentum and closed the week lower. However, bullish momentum remains strong as price trades above the daily 50 exponential moving average. If price breaks below the moving average, price could potentially push towards 5725 region.
Dollar Index (DXY)
The United States Dollar Index continued to appreciate after reversing from 103.255. Price remains at an elevated level and could potentially retrace or begin trading in consolidation.
Spot Gold
Earlier on the week, Gold ascend towards the upside but was met with resistance pressure at 2715 region and fell. Now price can be seen as trading in the consolidation region between 2625 to 2715. A breakout of this consolidation zone can likely provide us with the next short term direction.
Trade Recap (Public Channel)
No Updates
Trade Recap (Private Channel)
No Updates
Trade Analysis / Setups
WTI Futures - Front Month (Analysis 51-1)
Analysis: Price has been trading in consolidation at the key support region. We can look for a long position if price manage to break out of the resistance of the consolidation zone.
Long opportunity: Break and retest 71.42 region towards 73.64 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 |
Join our telegram channel at: https://t.me/traineetraders
Instagram: https://www.instagram.com/trainingtraders/
Facebook: https://www.facebook.com/trainingtraders
Stay safe out there and safe trading!
Comentarios