CL (Crude Oil) and US-Oil
Last week’s projections were on CL June contracts
On the upside – I see 49.70 to be a very critical price , if we break it , we shall see 52.00 BUT I see CL 07 to come down to 46.80-40
On the downside, any break below 46.40 can push the Crude to 44.00
ES (Mini S&P) and SPX
From Last Sunday I mentioned Point of control is 2058-60 - we noticed On Monday the ES rushed quickly to that area. I also said: "BUT 2043 is a do or die line. I personally think it will break it then suffer at 2036 and if that breaks then 2020 is next."
Same applies to SPX if you are trading it in Spot CFD's
Look at the charts and see what happened - - - pretty close ☺ !!
For this week I see 2048 to be the Do or Die level – if we stay below it on Monday and break 2044 to the downside, we will get to 2020 , 2012, and 1996
YM (Mini- Dow) and US-30
From last week I said Point of control is 17620-30 - We noticed price going to it on Monday morning. I also said: (BUT it looks weak to me but 17485 hast to break as it is the last point of defense. I also see 17430 to give a hard time but if it breaks we shall see 17320 and 17200).
The prices went very close to the levels I gave.
For this week, on the downside look for 17640 as a price level. If it doesn’t hold, we can see YM as low as 17000
On the upside, if 1764 holds we can see 17590
BUT I see weakness, so I will look for a swing short using my US-30 and YM contracts
NQ (Mini NAZDAQ) and NAZ 100
From last week
This is the index that has point of control ( 4300 ) below the closing price on Friday. If we reach it and break it then we are having a down trend to 4256 and 4240 is next.
On the upside it has touched 4390 which pushed it down, so if we go back to that price we might see a delay in the down trend unless it goes back up to 4460 which is going to be the prefect point to catch a long term short
On the upside it has touched 4390 which rejected it down, so if we go back to that price we might see a delay in the down trend, and if it goes back up to 4460, that’s going to be the prefect point to catch a long term short
We noticed the prices ranged between the highs and lows I mentioned
This week I see:
On the down side 4345 to be a very important level, if we break it we can see 4240
On the upside, I see 4400
I don’t like NQ this week unless we break below 4345 to short it.
Our long term Euro trade from Last week ended nicely (no new entries on this but I see EUR-USD to continue going down and touch 1.11590 )
Also on the CAD. Just note that CAD is still bearish ( USD-CAD bullish ) but I don’t have new entries
We are currently shorting the CAD (6C short, USD-CAD long), The stops on 6C short are around 0.7780 ( on USD_CAD long stops are around 1.2800 ) the risk is much less than the projected profits as It might go for 200 to 300 ticks/pips
This is also traded by Eugen in options (XDC short)
We do our analysis daily, since the volume is dynamic, things can change in the short term. We use this in our room for trading the direction of the market.
Recently we added Spot forex, CFD’s, Currency pairs, and also options