According to the latest news, next week will be hot for sure. 🔥

Hello, traders!

According to the latest news, next week will be hot for sure. 🔥

On Thursday we received on Euro (6E) the  incredible uprising of open interest (+18K contracts)  in “Put” options strike 1.04  (Watch prnt.sc/n_GEI456fpjG) 

Amazing, before the technical support! 🤪

That was a big hedge before the bankruptcy of Silicon Valley Bank, someone understood that the time would come to withdraw dollar liquidity from the market.

All currencies, except the dollar DXY, will feel strong pressure from sellers and Indices of course next week.

Stronger, to my mind, will be the Grain market.

In continuation of the previous downside forecast for Сorn (ZC)  (Watch prnt.sc/HHsH8uCit3sm) 

We have got a beautiful tick “Bid” imbalance in the range of 610-615$. This culmination of buyers liquidation created a supply zone, which can lead now to the strong upside movement.

(Watch prnt.sc/XUBUfVzOgEsX) 

Target 650$ per 100  bushels looks very attractive.

Uncomfortable entry points can be profitable with higher probability.

Have a good Sunday and be careful!