Trading Safely Outlook Video for EUR | Dollar Index | DOW | Bond Markets
In this weekly update to Trading Safely subscribers and for the benefit of My Trading Buddy we look at key global markets ahead into the French election – namely the Euro/Dollar Index/ Dow Jones/ and Bond markets.
What we See
By using our unique and ground breaking multiple time frame software we analyse what the market is saying this week. Strangely enough it also happens to correspond with the opposite of what the French election pollsters are saying, but only time will tell.
We are seeing preliminary month end closing strength in US 30 year bonds against the broader downtrend, an April closing failure of the euro and the pound at the monthly time frames and signs of some short term weakness in equities despite the long term uptrend which we touched on in last week’s Dow Jones video.
Separately we look at energy markets and sugar. Sugar has reached annual support and is oversold at the quarterly level against long term channel support. Oil and Nat Gas are still in bullish formations coming off annual supports from 2016 and continue to fail to take out key bearish levels.
We highlight support and targets from annual charts in this instance. It’s going to be a volatile week and you will be well placed for the week ahead by watching our weekly video, usually reserved for subscribers only.
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