Hello traders, hope you are doing well 👍
Today I see two opportunities in Sugar (SB) and the Mexican Peso (6M). Let's start with the second one.
● The last strong involvement of sellers in this asset was on level 0,05546$. It matches with the commercial level also, where hedgers added more than 20% of short contracts in the past.
Market maker absorbed this position and apparently unloaded it along the way to break out of market highs. (Watch)
Now all the passengers are liquidated and we are ready to take bearish 🐻 movement when the ice line will be broken.
● According to Sugar (SB) vice-versa I see the buying opportunity. 🦬
After the involvement of sellers created by bid HFT volumes on the market bottom and after the divergence of Deltas. If the bearish parabola will be broken on Monday, hope to see the movement to the 26$ price zone. (Watch)
Good evening, Traders!
🔻 Let's start from the leader of markets — DXY. From the previous analysis, we have designated a key level 106.72 and the price did not brokedown this level even by 1 tick. It became a real growing point from the start of the week. On Friday the price closed on the uptrend line and after its breakdown, I expect to see correctional movement to this magnet. (See)
🔻 What about Gold (GC), I really expected that the price will go up from Tuesday's bottom, but the unbelievable record inflation in the USA created high volatility. Funds opened a record short position, and OI rose by 8% during the reported week. Now according to the big amount of ask HFTs here reversal is also rather possible. (See)
Hello Traders!
It was a volatile but not so good week, eventually for me. My expectations about US Treasury Bonds, the Australian dollar have not been realized and the Japanese Yen made a hard rock falling, without any correction, because of the very dovish monetary policy of the central bank compared with FED.
🔺 But still, Ultra US Treasury Bonds (UB) can show us buying opportunities on this level
It was my plan and I traded it, of course, the most important thing is to manage your risk, not to be suffered very much because of unexpected movements.
🔺 Even the Mexican peso (6M) returned to breakeven. Of course, I expect a further continuation, but it is not the proper picture.