SMNC

Expecting a large DRAW in US Crude Oil from the EIA Weekly Report this week - forecasting a 1% rise in price of a barrel (US$) May be a short term impact based on gasoline figures and OPEC rumours...

Unemployment data test

GBPUSD FIB RETRACEMENT -- 61.8% Level -- Hit Support and looking for a jump over the next 5-6 hours to hit 1.3300 (0.35% ~) Strong jump from US Inflation Data at 2.2% (Weaker than Consensus, retail sales UP)

German economic sentiment 22nd August -- Expecting it to fall to below 15

-4M

Mainly focused on resistant and support breakouts, plus EIA stocks change.

Forecasted 1.75% IR (Remain) and so predicting a fall in the currency's value.

Crude Oil SHORT TERM BEFORE EIA Release 9/8/2017 - all short term technicals SMA-200 and CCI related - WIll be long WTI Crude (CL1!) and Natural Gas (NG1!) tomorrow. I will also be watching the EIA Gasoline figures on release and decide from then.

USD and NK tension rising and a strong forecast for UK data

The 1H chart shows a support around 1.175 and 1.173 which was hit on the 31st July and again post NFP data on the 4th August. Using FIbonacci retracement, I predict resistance at the 61.8% which will break lower towards the 1.175 price as my first target and 1.1733 as my second target. As we edge close to the 200 day moving average, which the price will likely ...