Hey, traders. Thank you for the comments and boosts.
Today's chart is US100. Let's check it quickly.
We can see
1. the price rebounded from the support on 10600.00.
2. the descending channel had broken.
3. resistance on 11200.00.
4. support on 10000.00
We should check
Tuesday - Fed Chair Powell Speaks, EIA Short-Term Energy Outlook
Wednesday - Crude Oil Inventories
Thursday - Core CPI (MoM) (Dec), CPI (YoY) (Dec), CPI (MoM) (Dec), Initial Jobless Claims
Friday - UK GDP (YoY), UK Manufacturing Production (MoM) (Nov)
We can expect
1. upward movement by rebounding from the support on 10600.00.
2. the price drops to 10000.00 by resistance on 11200.00.
The price made rebounding from the support on 10600.00. (This was chance to buy.)
But, there is a resistance on 11200.00 which can make the price drops to 10000.00.
If you have long position, you may need to close your position around present price and buy again if the price breaks the resistance on 11200.00.
If the price drops by the resistance on 11200.00, we will wait for the second chance to buy on 10000.00.
we will buy
1. if the price breaks 112000.00
2. if the price reaches 10000.00
Let's see if we can have those chances.
Thank you for reading and hope this insight was helpful.
Today's chart is US100. Let's check it quickly.
We can see
1. the price rebounded from the support on 10600.00.
2. the descending channel had broken.
3. resistance on 11200.00.
4. support on 10000.00
We should check
Tuesday - Fed Chair Powell Speaks, EIA Short-Term Energy Outlook
Wednesday - Crude Oil Inventories
Thursday - Core CPI (MoM) (Dec), CPI (YoY) (Dec), CPI (MoM) (Dec), Initial Jobless Claims
Friday - UK GDP (YoY), UK Manufacturing Production (MoM) (Nov)
We can expect
1. upward movement by rebounding from the support on 10600.00.
2. the price drops to 10000.00 by resistance on 11200.00.
The price made rebounding from the support on 10600.00. (This was chance to buy.)
But, there is a resistance on 11200.00 which can make the price drops to 10000.00.
If you have long position, you may need to close your position around present price and buy again if the price breaks the resistance on 11200.00.
If the price drops by the resistance on 11200.00, we will wait for the second chance to buy on 10000.00.
we will buy
1. if the price breaks 112000.00
2. if the price reaches 10000.00
Let's see if we can have those chances.
Thank you for reading and hope this insight was helpful.
