Breakouts from a downtrend line are good but -to put things in perspective- for EUR/USD still has to record a convincing higher high. In any case, in the last few sessions it was made clear that when risk assets go well, so does EUR/USD. Disclaimer> This post is informational only. This post is not a […]
Crude Oil has formed a double local bottom at $77/bbl, but the overall trend remains down and susceptible to further weakness as long as the market stays below $80. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and […]
S&P futures reached both the 200% extension of the April 19-29 leg up and the new all-time highs. Profit taking may be due but it is not advisable to fight this trend. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position […]
While EUR/USD is ready to arrive to the upside targets of the downtrend channel, the retracement is gaining momentum. However, the overall sequence of lower highs and lower lows all this year still gives net sellers the upper hand. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial […]
Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend indicators show “down” and the long-term ones show “up”. This cannot last forever. Disclaimer> This post is informational only. This post is not a […]
The market cast its vote and the S&P futures broke out upside, with the obvious reason being a re-test of the all-time highs. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only […]
Petros Steriotis, CFTe, MSTA 