Forex/Futures ST for Week 4/29-5/03

greenback · 发表于 2013-4-28 06:21 PM

Let's start with weekly chart as usual to have a bigger picture of what's going in the market ...

First on indices.

greenback · 发表于 2013-4-28 06:25 PM

Purely based on chart patterns, SPX is fine, however, measured moves indicates that we are reaching the end of this long-term up leg. This is supported by the momentum indicators as well: they are turning weaker, i.e. there isn't much upward movement in the last month.

Of course this is not a basis for being a bear, but it's time to reduce your long positions.

greenback · 发表于 2013-4-28 06:27 PM

本帖最后由 greenback 于 2013-4-28 05:21 PM 编辑

DAX, on the other hand, really wants to reverse here. TA wise, this is a good point to rebound too, BB lower bound. However, all depends on ECB rate decision on 05/02, I don't think TA can tell you that.

greenback · 发表于 2013-4-28 06:29 PM

Russell is bearish, but it sits at an interesting point defendable by bulls, ma20 and a key s/r.

greenback · 发表于 2013-4-28 06:31 PM

本帖最后由 greenback 于 2013-4-28 05:23 PM 编辑

NIKKEI is still a clear long ... That's why we are still long in NKD but this is also hedged by the long in 6J. See our analysis on JPY below.

greenback · 发表于 2013-4-28 06:34 PM

Bonds are all bullish ... German Bund is (almost) at the all-time high!

greenback · 发表于 2013-4-28 06:37 PM

本帖最后由 greenback 于 2013-4-28 05:20 PM 编辑

Currency majors:

EURO is stuck here, after being rejected by ma20.

greenback · 发表于 2013-4-28 06:38 PM

JPY was rejected by 100 ... we are long in 6J with stop loss at USD/JPY = 98.32.

greenback · 发表于 2013-4-28 06:39 PM

AUD is in a range as we have being saying, the bet is downward towards the previous low.

greenback · 发表于 2013-4-28 06:40 PM

GBP is approaching ma20 ... got to be cautious.

greenback · 发表于 2013-4-28 06:42 PM

Next on metals:

GOLD still looks bad on weekly chart. We were saying it was rejected by ma20 on the daily chart.

greenback · 发表于 2013-4-28 06:43 PM

Copper is similar to GOLD, except that it is very close to the previous low below.

greenback · 发表于 2013-4-28 06:45 PM

本帖最后由 greenback 于 2013-4-28 03:06 PM 编辑

Next on energies:

CRUDE is at ma20, overall, there is no major trend on this time scale, a triangle is in the forming.

greenback · 发表于 2013-4-28 06:46 PM

NG is continuing its rebound from ma20 on the daily chart, it's fine on the weekly chart.

greenback · 发表于 2013-4-28 06:54 PM

Finally on Agri commodities:

OJ is being rejected by the S/R as reviewed last week.

greenback · 发表于 2013-4-28 06:56 PM

Cocoa is a nice long still ...

greenback · 发表于 2013-4-28 06:58 PM

The rest are bearish, but maybe wheat will stop sliding soon ... it's approaching the previous consolidation zone.

greenback · 发表于 2013-4-28 06:59 PM

Enjoy the rest of your weekend if you can!

befriend · 发表于 2013-4-28 07:04 PM

hahaa · 发表于 2013-4-28 09:04 PM

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Forex/Futures ST for Week 4/29-5/03

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