In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we observe more pressure on Indices and Oil.
Firstly, it is important to note that we are currently experiencing central bank rate cuts across all of the majors. As a result, the ECB is expected to take significant monetary policy action in today’s meeting. What has been very interesting to see is that the measures taken so far are having little impact on supporting asset prices at the point of writing this piece.
If this downward pressure continues, we have identified two high probability sell trades to consider. The first is the S&P 500 but only look to sell below the 2700 recent low. Also, be mindful of the extreme volatility that is currently being experienced. The other trade is in the Crude Oil market below 32.50.
More Pressure on Indices and Oil – Full Video Analysis
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