EUR/USD trapped many with a break below the head & shoulders formation but swiftly returned back up, putting the pair in a much better position. The big trend is negative, however , and longs need to remain extremely careful. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial […]
Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove whether they have the power to keep CL above this year’s uptrend line. Disclaimer> This post is informational only. This post is not […]
Closing the week at 2-week highs is SnP-positive but the ongoing pullback looks more like a bearish flag than like the start of a new move to 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 […]
The pair is trying hard to return inside a descending (bearish) triangle. The overall picture is negative. Trade safely! 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 you are responsible for!
This year’s uptrend line in Crude Oil is about to be tested. Differences between the various medium-term charts may show up because of the methodology used for drawing (nearest futures etc.) but what is most important is that the $80 level is key in sustaining (or not) a bullish bias. Disclaimer> This post is informational […]
SnP still bumping on short-term resistance levels but the April lows – linked with the sub-5K level – are still very much respected. 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 