Analyzing the major pivots in a top-down approach in the context of trading volatility, and aligning them with TradingVolatility's calculated cumulative gamma levels, particularly focusing on the highest three expiration strikes, offers valuable insights into market dynamics and risk management.
1.Top-Down Approach:
The top-down approach involves starting...
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the increase in crude inventories is more than expected, it implies weaker demand and is...
Coming off a Perfect Gann touch and support Pivot it looks like theres some room long on the daily.
I like 0.7100 as a first target, As always keep an eye on price action and US strength.
A multi year USD trendline + supporting MA looks broken this could single a downtrend for the pair , a break of 116.00 levels would confirm this . The pair may also fall into a range between 116.00 & 119.00
