27 June: Trend table outlook for FX, Commodities, Indices

By | June 27, 2018

It has been a fairly benign session although WTI took a swift move higher following the inventory data release and looks as though it could continue to squeeze back towards the 72.80 trend high.

In the currency markets, the US$ could see further short term strength against the EU majors although the medium term charts suggest that there will be little follow-through. The Aud looks mildly heavy.

Stocks look firm for the coming session although I think they are a sell on the rally scenario, while I also prefer to remain short of Gold.

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*Trade of the day: 6/27/2018 7:14 AM (AET)                           

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

Sell Gold @ 1265. SL @ 1275, TP @ 1245