24 Jan: Trend table outlook for FX, Commodities, Indices.

By | January 24, 2018

The US$ generally remains under pressure and selling rallies still seems to be the play. Stocks continue to march higher and there is little reason right now to see any real change although they are becoming very overstretched for a technical point of view. I think WTI may be about to resume its uptrend and if 65.00 can be overcome, then look for a quick run to 6.00/30.

*Trade of the day: 1/24/2018 8:40 AM (AET)……

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Buy GbpUsd @ 1.3950. SL @ 1.3880, TP @ 1.4100

Buy EurUsd @ 1.2220. SL @ 1.2175, TP @ 1.2350

Buy AudUsd @ 0.7960. SL @ 0.7935, TP @ 0.8045