Hey, traders. Thank you for comments and boosts.
Today's chart is US100. Let's check it quickly.
We can see
1. the descending channel had broken.
2. resistance on 12000.00 and 12900.00
We should check
Tuesday - China GDP, German CPI
Wednesday - BoJ Press Conference, UK CPI, EU CPI, US Core Retail Sales, US PPI, US Retail Sales
Thursday - ECB President Lagarde Speaks, ECB Publishes Account of Monetary Policy Meeting, US Building Permits, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Crude Oil Inventories
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. upward movement to 12900.00
2. short-term drop by reistance on 12000.00
By breaking the descending channel, the price of US100 is showing upward movement.
It will reach the resistance on 12000.00 soon and I'm expecting short-term drop.
But, the price will break it and keep showing upward movement to 12900.00.
It will be chance for the Long position if the price drops to 11200.00 to 12900.00.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is US100. Let's check it quickly.
We can see
1. the descending channel had broken.
2. resistance on 12000.00 and 12900.00
We should check
Tuesday - China GDP, German CPI
Wednesday - BoJ Press Conference, UK CPI, EU CPI, US Core Retail Sales, US PPI, US Retail Sales
Thursday - ECB President Lagarde Speaks, ECB Publishes Account of Monetary Policy Meeting, US Building Permits, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Crude Oil Inventories
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. upward movement to 12900.00
2. short-term drop by reistance on 12000.00
By breaking the descending channel, the price of US100 is showing upward movement.
It will reach the resistance on 12000.00 soon and I'm expecting short-term drop.
But, the price will break it and keep showing upward movement to 12900.00.
It will be chance for the Long position if the price drops to 11200.00 to 12900.00.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
