Oil and US500 Both Squeezing Higher
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe Oil and US500 both squeezing higher. Let’s begin with a market which is slowly grinding higher, that being the USOIL market. We must note that we have had a monthly OPEC and…
Dollar Strength Against the CAD and AUD
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we focus on dollar strength against the CAD and AUD. The first opportunity is in the AUSUSD. This market has been in a downtrend since Jan 2018 and we are seeing the potential for…
Focus on British Pound and USOIL Again
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we focus on British Pound and USOIL again. First is GBPUSD. As a result of ongoing Brexit negotiations and votes in Parliament, we have had a few days of significant volatility. Technically speaking, yesterday’s…
Technical Set Up for USOIL
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss a technical set up for USOIL. We have been discussing the USOIL market over the last couple of days. As you can see from the trading chart, we have not yet broken…
All Eyes on Brexit, but Don’t Forget Oil
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have all eyes on Brexit, but don’t forget oil. Brexit is the most important fundamental event of the week if not a month. Tonight, we will see a second vote on Theresa Mays…