Lt Sweet Crude Oct Fut – Boss chart now bearish. Major Up TL has been broken and tested from underneath after a double top. Last weeks BEEB still in play and this week we have a bullish IB. PA still under big boss 20ema but this is flat. PA closed above Boss 20ema. Wait for break of boss IB before entry. Short target of 59.88, long target of 72.00. Neutral.
Nat Gas – Big boss chart shows large BUOB. Lot of move could be short covering. Boss chart now bullish after major down TL break. Boss hanging-man candle did not break highs of previous week but did test the BO from the last high of the up trend. Long only
Gold – Big boss bullish, boss still bullish with weekly IB at key $1000 level. As with oil wait for break of the IB but favour long. Upside tgt of 1033, short target of 970 (wedge BO top line). Neutral.
DowJones Sep Fut -(YMZ9) – Major Up TL still intact although we have had a smaller TL break. Last low of the UP TL has not been broken and with Crispen Odey (Hedge fund chairman) saying buy all QE shares until QE stops, it's a LONG ONLY chart buying pullbacks to the 20 ema.
FTSE Fut (FFIZ9)– Worker TL break after a double top and we have broken the woker 20ema. Worker gives hammer looking candle. Boss chart still above major up TL and both Mas. No lower-highs yet so buy all pullbacks. Long only
Cable – Boss chart is bearish after the S Star a few weeks back and the M2S (Lower high short near the ema). This week gives a doji/spinning top. Shows indecision. PA retraced back to 50% fib from last swing low-high. Worker chart in BarbWire with conflicting dojis. Wait for next lower high near down TL or ema before short again. Short bias.
Gbpyen. - Up TL broken some weeks back. Boss chart still bearish after 2 pushes down after a double top. Last week gives doji/hammer looking bar right off the BO test of the last high of the downtrend. Also at 50% fib retrace from extreme low to high and 61% from top of first wave to top. Worker chart gives us two hammer last week with a higher low. PA below all Mas so really an ATM trade to major SR at 148.95. Long for ATM to next SR level only.
Gbpchf – Major up TL's broken. Boss chart still bearish but we have had 2 pushes down resulting in a spinning top at SR level. Worker gives Barbwire where we have conflicting Hammer/shooting star. Gbpyen could drive this up but over all NEUTRAL.
Eurusd – Broken out of triangle BUT has rejected 61% fib. Bear candle last week still under 61% fib. Tested wedge BO though and up TL still intact. 3 minor pushes down on the worker chart ending in a spinning top. ATM trade at least to test the 1.47 level. Long only unless PA trades back into wedge then we could have a failed wedge-BO trade.
Audusd – Major up TL is still intact on boss with bullish PA. Boss gives a long wicked BEEB and BEOB. Worker shows us a BEEB 2 days ago and Fri closed with a hammer looking candle but does show an expanding triangle at the top, so not really a bull-flag. Would like to see a double top as the bulls have one last chance of continuing, so Neutral with a bear bias. Too risky for longs here after such a long retrace back to old highs.
Usdchf – Boss has broken thru major levels and up TL's . Boss gives us a BUEB right back at the 76% retrace! Deep one that. Worker has a small up trend but Fri gave us a BEEB. So, no trade here until down TL broken.
Usdcad – Bearish PA BUT we have had a LOWER LOW after a down TL break; Boss shows an IB (bearish) and these usually trade in the direction of the IB. Worker gives us a with trend shooting star but PA is in the 20/50 trap. Leaning toward long but wait for resolution of BARB WIRE at this big 1.0781 level.
USDYEN – Major down TL's have been broken and PA is very bearish. Boss Hammer at the base of this bear channel. Had 2 pushes down (just) and hammer gives us a HL from the low back in Jan 09. Worker the same as Gbpyen. 2 bullish hammers. ATM long to next SR at 91 at least.
Euryen – Major UP TL has been broken and tested from underneath. Last boss candle was a hammer but last week gave a loose IB that has been broken to the upside. Still long only as with other yen pairs. Need to find strongest yen pair to trade.
Eurgbp – Major UP Trend is still intact with minor DOWN TL now broken and poss tested. Boss gives us a bear IB. Worker gives text-book shooting star. Risky counter-trend short back to 0.9020 level. Sit this out.
Eurnzd – Boss minor down trend still intact and now we have the MAJOR up tl broken. Boss hammer of sorts. - Poss test now of the broken TL from underneath so wait for PA retrace. No trade here against such a strong trend down.
Gbpcad – Messy. Last week gave us a BEEB again. Still in a down Trend. Major up TL's have been broken. Wait for test of broken TL. No trade here.
Nzdusd – Boss is still in major UP trend. Broken thru 61% Fib retrace could be targeting the 77% retrace at 0.7386? Major UP TL's still intact. Looks too long to get in so. Worker gives us a S Star but then Fri closed with a spinning top. Sit this one out as last week. Long above worker S Star high only
Audyen – Boss chart in major Barb Wire, still – had a major up TL break then a higher high. Fallen back from this high and given a BEEB but still above UP TL. Worker gives us a hammer but after a BEOB and under 2nd major up TL. RR not good enough for a long as SR at 78.93 is too close. Neutral.
EurCad – Had one major UP TL break but the second one is holding so far after the hammer a few weeks back. Boss gives us a BEOB. All Mas are flat but worker gives a S Star. Stand aside on this one as RR on S Star would not be good enough to short due to proximity of the daily Up TL.
GbpAud – Boss chart in a major downtrend but last weeks close shows a bullish hammer with body inside the last down bar and after 2 pushes down from the BEEB 13 weeks ago. Worker gives us a BUEB but we have not had a TL break so I would only imagine this getting as far as the 20ema at 1.8724 ish. Wait for down TL break and retest of hammer before going LONG.
CadJpy – Boss up TL still intact (just) after two tests. Worker shows 2 hammers much as the other yen pairs right off the Up TL and SR at 81.91. Long wit major up trend but counter the immediate down trend. At 50% retrace from last swing low hammer to high after double top and TL breaks. Long only
