Forecast of the century :))))
Monday is a day off in the states, related to independence day. Therefore, the likelihood of a positive close on Friday is much higher than a negative one..
Good luck!
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Hope dies last
Below is a technical picture for ES in daily format reveals the last line of defense., matching bottom 5 February at the level 1036. As you can see, the market is depressed and is below many MAs, but nervousness and fear prevents players from buying the market aggressively, which the 14% below the top, where they bought furiously.
May is coming to an end and in theory we should be close to the bottom from which the summer rally should begin. If the level 5 February will not hold, then the next level of support 1025 per spot. Where in the archives in the charts I showed this level. For me, of course, I would like, so that there is a rebound from these levels and the formation of the bottom would make it possible to increase the LONG position.
New focus
I see good trading buy copper in the area 280-300 subject to market stabilization and a new upward impulse. I should admit. that somehow got distracted by ES and completely forgot to trade copper on the fall. Pity, not enough for all the time.
Could it be…
And you could get out of the longs on the top, for example, when was this post madeoror
Unpleasant GEP
Think, that fishermen in the USA will have a hard time today. Catching knives can be expensive and your feet won't help..
Oil API
API PETROLEUM INVENTORIES: CRUDE: +5.3M V + 750KE; GASOLINE: -660K V +500KE; DISTILLATE: -1.4M V +1.2ME; UTILIZATION: 84.7% In 85.9% E
Stocks have grown dramatically, and gasoline “sucked” Not bad, but it's seasonal. Therefore, for oil, this is a mixed report., although the growth of 5mn in reserves may outweigh the negative
Went out for a walk
Went out for a walk and didn't put half of the shorts in the area to cover 1190, but still a plus 6%. If anything, then I can also add a pose.
