Uncertainty still prevails in the market as Germany ruling is in key Focus .Mario Draghi’s bond-buying plan helped fuel a market rally last week, but a decision due Wednesday from Germany’s Federal Constitutional Court now poses the biggest tail risk to financial markets as judges prepare a ruling that could determine the fate of the euro zone’s permanent rescue fund. Gold Future is higher as Last week Weak Job data from USA weighs on the market and once FOMC is also around the corner and metal will shine till the uncertainty is not over.
1- EUR/USD (last 1.2777)
Support:
1.2704 (S1)
1.2645 (S2)
1.2560 (Major Sup)
Resistance:
1.2839 (R1)
1.2915 (R2)
1.3050 (R3)
STRATEGY (SOS on strength for day trading)
Trend Bullish till it is hold above 12518
Day Trader
Short@12867 Stop@12878 Tgt 12719
Parked Orders
Long @12648/56 Stop @12617 Target 12777
CABLE (16024)
Support:
1.5932 (S1)
1.5868 (SS2)
1.5783 (Major Sup)
Resistance:
1.6097
1.6150 (MAJ Res)
16219 (** Major Resistance)
Short Term STRATEGY (SOS) Short on strength for Day trading over all bull market till 16100 buy near15920
Day Traders
PARKED ORDERS
short@16098/16118 stp@16156 tgt 15989
Long@15766 stp@15727 tgt open
Mid term
Target 16098
Yen (7791)
Support:
77.65 (S1)
77.17 (S2)
75.86 (Major Sup)
Resistance:
79.66 (R1)
8055 (June’29 high)
8122 (RRR3)
Trend –Short term lower Mid Term Higher towards 8330
MID term
Long@7845 stop@7777 tgt open (filled and holding)
BOD (Buy on dips for we are expecting a sharp rise towards 8330)
Swiss (9440)
Support:
9412 (S1)
9347 (SS2.)
9310 (Major Sup)
Resistance:
9510 (Res1)
9577 (RR2)
9666 (RES3)
Strategy Side Line
Buy/Long
Day trade
(Futures swiss buy@10409 stp@10391 Tgt Open)
No new position
Mid term
Side line before Any clear direction
Sep Cad $(10220)
Flat
Support:
.10180 (S1)
10090 (Sup2.)
.9970 (Major Sup)
Resistance:
10288 (R)
1.0344 (Res2)
1.0414 (Res3)
Day TRADER
BOD near 10110 Stp@10087 Tgt open
Ausie $ (10395)
Support:
1.0360 (S1)
1.0314 (Sup2.)
1.0265 (Major Sup)
Resistance:
1.0448 (Res1)
1.0505 (Res2)
1.0602 (Res3)
Trend -Flat
Strategy
Buy @10312 stop@10288 tgt open
Metals
GOLD (1731)
Strategy BOD (Buy on Dips)
Support:
1709 (S1)
1682 (S2)
1666 (Major Sup)
Resistance:
1756 (Res2)
1798* (Res3)
1818* (Res3)
Buy near 1620 zone stop@1607 tgt Open
High Risk Trader
Short@1709.7 Stp@1704.7 Tgt 1753
SILVER (3354)
Flat
Support:
3312 (S1)
3255 (s2)
3189 (Major Sup)
Resistance:
3416 (Res)
3478 (RR)
3526 (Major resistance)
Strategy
Trade short@3477 stop@3488 tgt 3406
Buy@3257 stp@3236 tgt open
ES (MINI Sp500) (1431)
Trend Flat
Strategy Sos Short on strength
Support:
1414 (S1)
1398 (s2)
1374 (Major Sup)
Resistance:
1441 (RR)
1456 (Major resistance)
1478**********
Strategy
short@1442 stop@1446 tgt 1411
Crude OIL OCT (9658)
Strategy (SOS) Short on strength
Support:
9582 (S1)
9490 (s2 projected swing low on time and Price cycle)
9364 (Major Sup)
Resistance:
9733 (Res)
9772 (Res2)
9872 (Major resistance)
Strategy
Short@9719 stp@9768 tgt 9425
Time line For ----
No time line for Today
