Commentary
- GC: back to the upper end of the range.
- SI: Seems to be carving out a broader range.
- HG: At weekly support level – critical point. If this gives way, short bounces.
- ZB: Strong breakout so buy flushes.
- ZC: Breakdown but now at weekly support levels.
- ZS: Maybe breaking down?
- ZW: Might be finding support here.
- LC: Weekly grail sale still in play. But oversold on the dailies so might be sideways consolidation for a while.
- LH: Yikes – complete collapse here on bad news with China trade talks.
- NG: Back to critical point / support level.
- EMD: Break from rising channel – maybe bearish seasonals in equities kicking in.
- ES: Back inside broad weekly range after failed daily breakout. Oversold now on dailies so trades can only be scalps I think.
- YM: See ES comments
- FDAX: Break from rising channel – just like US Equities.
- EC: Major breakdown and now 2 days up. Short scalp?
- BP: Daily buy divergences after breakdown. Maybe negative consolidation now for a few days.
- NE1: Testing major swing low
- DX: 5 SMA buy
- PL: Weekly bear flag but daily approaching oversold levels
- PA: Back inside weekly range. Downside target is now 1300.
- NOK: Breakdown – short rallies. (Note: probably best to trade forex if you can which is the inverse of the futures so buy flushes there. Futures are very very thin).
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