27 Nov: Trend table outlook for FX, Commodities, Indices.

By | November 27, 2017

*Trade of the day: 11/27/2017 6:57 AM (AET)……

Monday appears to suggest further Euro strength ahead, both against the US$ and also on the crosses, so playing the single currency from the long side is preferred. Elsewhere the currency markets look rather more neutral at the start of the week and some range trading on Monday would not surprise, although in the medium term the US$ does appear set to remain under pressure in the lead up to the next Fed meeting, where a rate hike is more or less fully written in. Oil is up against strong resistance in the 200 WMA but I think that this will eventually be overcome and a test of 60.00+ is on the cards at some stage. US stocks – at least, the S+P but not so much the DJI does appear to have further gains ahead of it after Friday’s record high in closing above 2600 for the first time.

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

Buy EurUsd @ 1.1900. SL @ 1.1870, TP @ 1.1990

Sell UsdJpy @ 111.90. SL @ 112.25, TP @ 110.50

Buy GbpUsd @ 1.3300. SL @ 1.3250, TP @ 1.3440

Sell US$Chf @ 0.9865. SL @ 0.9890, TP @ 0.9750

Buy WTI @ 58.50. SL @ 57.50, TP @ 61.00