Tuesday, 21 April 2015

YM_F - 17790/18016, 17666/18093, 17465/18270

We did get the inside day yesterday, unsurprisingly, it was also a very strong one at that. In the Globex session we have taken out the high from yesterday and if we close above it that adds to the general feeling that we are going to be trying for new highs soon as things stand. LONG

GC_F - 1190/1209, 1183/1209, 1141/1223

Gold broke lower from its February consolidation and failed to reclaim the low in March, that signals a potential continuation of the move lower to me. Broke to the downside and closed below an inside day yesterday, whilst it stays below 1209 it looks a SHORT

CL_F (June) - 56.40/58.63, 53.31/58.82, 45.93/55.21

Oil did a nice monthly reversal in the May contract, we are now rolling into the June contract but my bias remains the same to the upside. We are chopping below significant resistance at the moment and took out the previous days high and low in one session, patience needed but i think we are poised to continue higher. LONG

EURUSD - 1.0712/1.0830, 1.052/1.0848, 1.0459/1.1240

Headline risk á la Greece dominates the euro at the moment (and arguably everything else). That makes this a tough trade at the moment, it seems to be trying to hold in around here but the down trend is definitely in control. NEUTRAL/SHORT

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