News
0800 French Man PMI | 0830 Ger PMI | 0900 EZ PMI |
1100 UK CBI Ind Orders | 1445 USD Man PMI |
Stats
DATR 86+ |
WATR 2.02+ |
WK.50% – |
M.50% 60.92 |
Weekly Summary – Range up week with strong bull close inside prev weekly bepin. Hi 66.16 lo 63.72 d.t 62.56-43 on bac of lo
Previous Day – Normal, range day with neutral bear close
Hourly Bias – Long Bias Sc 1
Big Picture – Bac of R 68-06, BIC, tested 60.sz (ftb) 37-55 and pullback to hourly support @ 86, for buyers to stay in control exp is for retest of 47-61 60.sz and bac, whilst holding 60 bz / support
Hypo 1 – Up – if price holds / bof 95-86 then longs t 18 t2 37-47 t3 53-62 bac t 75 ext t 93-16
Hypo 2 – Range – if price holds / bof 86 or 78-71 then longs t 18 t2 37-47; if price holds 37-47 then shorts t 18
Hypo 3 – Down – if price bac 72 then shorts t 60 t2 50 t3 40
Red flag levels – For short trades bac 65.62 For long trades bac 64.68