Bell opening comment
|FOMC leaves rates unchanged and a lot of volatility in the markets especially in indices so we except more wild swings in the mkts in next few sessions WE ADVISE our fellow traders to trade with stops and try to swim with sharks without being eaten alive on major Fx pairs we think another high by 22 jun and bull market is over then trend trades will prevail and till that day some choppy markets ahead of us, especially in metals, energy and indices, traders and investors, are not very sure which commodity is safe haven as bond markets at very risky price level another blood bath is possible in bond markets in our opinion and wish our traders very best of trades to them
Euro usd (last 11378)
Short term turning cycle on hourly basis
Day trades
Short@11436 stp@11454 tgt 11086 (Valid till IMM Close)
Long 11219 stop@11193 tgt 11224 (valid till imm open Friday)
GBP/USD (12692 last)
Short term SOS
Day trades
Long @1 stp@12377 tgt 12409 (valid till IMM Close Friday)
Short @12777 stp@12816 tgt 12584 (valid till imm close)
USD/JPY (last 10697)
Short term Flat wait for break out
Day trades
Long@10675 stp@10652 tgt 10742 (New trade Till imm Close)
Short@10842 stp@10865 tgt 10755
USD/CAD (last 13467)
Short term SOS
Day trades
Short@13505 stp@13519 tgt 13407 (valid till imm open Friday)
long@= no new for long position
AUD/USD (last 6937)
Short term
Day trade
7022 stop@7045 tgt 6843( Monday IMM open)
Crude oil (last 3821)
Short term BOD
Day trades
Long @3620 stp@3574 tgt 3842
Nasdaq 100 (last 9955)
Day trades
Short @ 10255 stp@10313 tgt 9844 (good till New york closing)
Gold (last 1732) (day Trade)
Short @1744 stop@1754 tgt 1712
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