[quote=RockDove;12690391]What may be going on with AUD/NZD. The big four banks in Australia, were told circa October, November of 2019 that they would need to hold more capital in reserves, the currency would need to be held in New Zealand Dollars. ...

AUDNZD

as expected the massive bkwardation was sold aggressively yest. brent spot wise that 70.70 number is imp on daily close basis which makes sense why it got turned even in asia hrs. gg fwd brent rally needs 65$ to hold on technical basis but technical ...

WTI Crude Oil Trading

day close still to go but there is good inverse (bullish HnS) on 4h .. 1180 providing support. tomo eur cpi and non-ism .. hope to see closer to 1.13 maybe next few days ..

EURUSD only

this HnS is there on DXY too. anyway only time will tell what plays out.

EURUSD only

seems to hv found some support in 115x area -- 115x is a logical area (nov '19 opening of euro). but anyway lets see.

EURUSD only

I am selling backwardation on brent here. i think this might be the best trades of the yr maybe. fyi backwardation this morning is now higher than 2018 and not v far from whr it was in 2013 and infact higher than 2008 levels ... does not mean it has ...

WTI Crude Oil Trading

yeah weekend always short haha. i am just posting the weekly HnS brent spot is marking .. hope it helps. right shoulder ~60 neckline ~66.50

WTI Crude Oil Trading

fyi last time we had such degree of backwardation in the mkt .. talking of brent here .. spot was trading 77-79 and the reason back then in 2018 was Iran only. I am not saying that spot will move there but the mkt is very vulnerable to go higher esp ...

WTI Crude Oil Trading

200 dma acting as support atm. signs of strength on dailies. so yes that 1130-1150 area quite imp.

EURUSD only

my 2 cents: brent wise it is nicely moving in an uptrend with 1st wave 56.x --> 68-69 completed after which it took a breather to 65-66. now we see this geopolitical based sudden rally bk to 69.x. such event shock based rallies might usually be sold ...

WTI Crude Oil Trading

looking far left-ward that 1166 - 1180 roughly was a big resistance on 4h/dailies, which is probably why its getting support now. time will tell whether we ultimately break up or down. my bias is to upside.

EURUSD only

slightly bigger picture for DXY .. you can see what it has done in 2019 .. just maybe carve out that H&S. Will see if 2020 can leverage off that structure .. also if it does then which pairs might move most.

EURUSD only

just illustrating what i havve been tracking for past few months .. US/EU differential spreads on respective 10y yields. clearly EU yields have been outperforming that of the US since Oct 2019 .. fundamental reason why euro has been rising since ...

EURUSD only

daily close gv highest since aug19 1214 level. will see if weekly can close highest since aug19 too (1198 is the level). looking more and more like a breakout candidate until 116x daily close broken. will trade accordingly. wait for retrace down.

EURUSD only

as said earlier, i expected 2-4$ shave on brent and evidence of the fact that it wants to resume uptrend on 4h (no lower timeframe). will watch in 64-66 region for possible consolidation and then support to come in .. some profit taking is healthy ...

Energetic H1 Strategy (Crude/Brent/Gas)

time to start looking for longs .. ; )

Energetic H1 Strategy (Crude/Brent/Gas)

just to add, the fact that euro last week closed north of 1.1170 imp weekly close level led to mkt quickly going higher, so technically as far as we remain >1.1170 on day close basis my bias would be bullish breakout.

EURUSD only

good points there. i also expect some kind of sell in NY session. 1165-1180 area (previous resistance // now support) might hold the down move though. i am just watching for now. fundamental directional move i guess should only happen around ...

EURUSD only

1186 major fib is 1h support atm. untill that is broken even short term bears might hv difficult time. however on upside it closed south of 1214 aug daily high. so guess it will be a tug of war atm. no need to trade. will just watch.

EURUSD only

just be aware of the 56.15 --> 64.30 (AB) and then 60.30 --> 68.45 (CD?) legs .. if AB = CD gets completed in 68-69 area .. it should give 2-4$ retrace down atleast from here but brent expiry also coming along with next spot trading 1+$ lower than ...

Energetic H1 Strategy (Crude/Brent/Gas)