Hey traders. Thank you for the comments and boosts.
Today's chart is US100. Let's check it quickly.
We can see
1. Short-term descending channel had broken.
2. the support on 11200.00 and bottom support on 10600.00.
3. the resistacne on 12900.00.
We should check
Tuesday - US Core CPI, US CPI
Wednesday - Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision
Thursday - EU Leaders Summit, EU Deposit Facility Rate, ECB Monetary Policy Statement, ECB Interest Rate Decision, US Core Retail Sales, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, ECB Press Conference, ECB President Lagarde Speaks
Friday - EU CPI
We can expect
1. short-term price dropping to 11200.00 and rebounding to 12900.00.
2. breaking the support on 11200.00 and drops to 10600.00.
In this week, there are some variables which are game changers.
So, we should think more strategies for the trade.
Because of variables, we should think second point for the Long position and it will be 10600.00. (First point is 11200.00)
After holing Long position, we will close it from 12900.00 which looks like top resistance now.
Let's see if we can have our Long position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is US100. Let's check it quickly.
We can see
1. Short-term descending channel had broken.
2. the support on 11200.00 and bottom support on 10600.00.
3. the resistacne on 12900.00.
We should check
Tuesday - US Core CPI, US CPI
Wednesday - Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision
Thursday - EU Leaders Summit, EU Deposit Facility Rate, ECB Monetary Policy Statement, ECB Interest Rate Decision, US Core Retail Sales, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, ECB Press Conference, ECB President Lagarde Speaks
Friday - EU CPI
We can expect
1. short-term price dropping to 11200.00 and rebounding to 12900.00.
2. breaking the support on 11200.00 and drops to 10600.00.
In this week, there are some variables which are game changers.
So, we should think more strategies for the trade.
Because of variables, we should think second point for the Long position and it will be 10600.00. (First point is 11200.00)
After holing Long position, we will close it from 12900.00 which looks like top resistance now.
Let's see if we can have our Long position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
