GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, GREATLAND GOLD PLC ORD 0.1P, SBERBANK OF RUSSIA ADR (EACH REPR 4 ORD SHS), UK OIL & GAS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Sat at long term resistance & 50% Fib of the 2016 low/high move. Possible double bottom formation (with false drop/bear trap).
I'd look to short from around $960 provided no upward break of the trendline. The case for a retrace to the recent bottom at $850 looks reasonably strong.
Further attempt to break lower during the week seems to have been rejected.
I think we will see a move up toward the falling trend-line now - although the whole position is looking squeezed.
Chart of the day: Soybeans
The sell grains buy beans trade, might not be as pronounced as normal, with Corn and Wheat looking a bit flat. Soybeans though on the flip side has been putting in some strength over the last week after bouncing off key resistance at 929. Fundamentally looking like its in a better place with stronger exports and help from a strong ...
I like the set-up here. Fundamentals will have a say though & lots of long-term overhead resistance.
78.6% retrace and double bottom off it. The price is current constrained upwards by the 100DMA. Watch for a break here before entering long position. Initially towards 1026 50% Fib.
Naragonia - https://open.spotify.com/track/4aAwRjq1l5rVLwfFz30wYD