Author: ethan

  • Will US Dollar Continue To Strengthen?

    The US dollar index rose quickly over the past few trading days. Other major currencies like the EURO, Pound, Aussie etc weakened against the dollar and I am tempted to short them. However I am hesitant to do so as I noticed that the dollar index is approaching a resistance zone (see the red box…

  • Is Crude Oil Bottoming?

    Crude oil has fallen more than 50% since May of 2014. It is now approaching a 15 year supportive trend line that can be traced back to 1999. This line says that support may be found in the vicinity of $45-$47. This is also a price range OP has been mentioning on his tweets. As…

  • 30 Year Bonds, Which Way Forward?

    Scottish Poll Results #ScotlandDecides will be available tomorrow. The GBP condor trade idea can now be closed for +50% collection of profit in just two day. If you followed it, please close the trade and book your profits. Now over to the the 30 Year bonds. The 30 Years Bonds futures are trading at 136.06 (as…

  • How To Trade Wheat Futures Going Forward?

    Wheat futures are trying to recover from its 3 month fall. For the past 2-3 weeks, the buyers have defended the 520 level valiantly and 520 has become the low of Wheat’s 3 month fall. Buyers have also succeeded in pushing prices higher. (wheat now at 557, up 30+ points from 520) Despite the recent…

  • How To Trade Gold Now?

    After failing to breach a critical level of 1350, Gold has been falling steadily since 14th July and has fallen to its current level at 1284.80. Since Gold has fallen so much, is it time to go short? Let’s analyse the daily chart. Firstly, in the medium term (3 to 6 month period), gold is…

  • Crude Oil Testing Resistance

    Crude oil futures are finding sellers at a significant resistance level  at 105, a level that has been acting as resistance since September last year. Such levels are key defining point i.e. it can break-out or turn down from this. Confirmation is the key. Right now, a pin bar is taking shape but we have…