3 July: Trend table outlook for FX, Commodities, Indices

By | July 3, 2018

In the FX space, the Aud and Kiwi both look heavy and remain a sell on rallies, although elsewhere it would seem that we have further sideways choppy consolidation ahead of us, possibly taking us through to the Jobs/NFP/Average Hourly Earnings data, due on Friday. Overall though, I still prefer to retain a long US$ bias. Elsewhere, Gold and Silver appear to have further downside ahead of them, as do stocks in the medium term, although right now they look slightly more healthy and would seem to be a sell on rallies. WTI looks a little corrective in the near term, but overall it still seems set to have a test of 75.00 and higher ahead of it at some stage.

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*Trade of the day: 7/3/2018 7:41 AM (AET)                             

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

Sell Gold @ 1250. SL @ 1260, TP @ 1230

Sell EurUsd @ 1.1670. SL 1.1730, TP 1.1500

Sell AudUsd @ 7360. SL @ 0.7410, TP @ 0.7250