Market Quick Take – July 9, 2020

Risk is bouncing back broadly in equities but the real show is in Chinese equities, US technology stocks and then gold which has managed to stage a convincing breakout above 1,800, which will most likely attract trend-following CTA hedge funds adding more fuel to the momentum. What is our trading...

Boxed in crude oil looking for a break

Crude oil update with focus on a market increasingly boxed inWhat is our trading focus? OILUKSEP20 – Brent Crude Oil (September) OILUSAUG20 – WTI Crude Oil (August) XOP:arcx – Oil & Gas Exploration & Production XLE:arcx – Energy Select Sector SPDR Fund (Large-cap US energy stocks) ____________________________________________________________________________________________________ Crude oil has...

Synchronized breakouts in gold and silver

Gold and silver updateWhat is our trading focus? XAUUSD - Spot gold XAGUSD - Spot silver XAUXAG - Gold-Silver ratio GLD:arcx - SPDR Gold Shares ETF GDX:arcx - VanEck Gold Miners ETF ____________________________________________________________________________________________________ CNBC interview discussing the latest gold developments Spot gold has broken above $1800/oz thereby succeeding what it...

Breakout Identified in USDJPY

The Breakout Opportunities system has just sold USDJPY at 107.488. The system recommends entering this trade at any price between 107.312 and 107.56. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.112, suggesting that the USDJPY may have further...