✅COFFEE suggestion
Coffee futures are trading in a downtrend and the price could retest the resistance cluster of the falling resistance and the rising one.
So after the retest we could see a move down.
Alternative scenario would be a breakout of the resistance.
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risk disclosure
Coffee futures are trading in a downtrend and the price could retest the resistance cluster of the falling resistance and the rising one.
So after the retest we could see a move down.
Alternative scenario would be a breakout of the resistance.
💎Join the private club for entry and exit suggestions on commodities
risk disclosure
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✅AUD/USD
BUY SUGGESTION
H4
Entry at 0.6900
Take profit at 0.6976
Stop loss at 0.6865
The Aussie and Kiwi popped higher on Tuesday after the release of a weaker-than-expected U.S. business activity report, but gains were limited and prices retreated late yesterday and early today after more hawkish remarks from a FED official.
The Aussie is drawing indirect support from a steep drop in the Euro, which is getting hammered by an energy crisis in Europe.
Australia is a net exporter of energy and high prices for liquefied natural gas globally have contributed to a run of record trade surpluses this year. The huge rise in European energy prices is helping to generate some of the surplus because of Australia’s aggressive sale of natural gas to the Euro Zone.
risk disclosure
BUY SUGGESTION
H4
Entry at 0.6900
Take profit at 0.6976
Stop loss at 0.6865
The Aussie and Kiwi popped higher on Tuesday after the release of a weaker-than-expected U.S. business activity report, but gains were limited and prices retreated late yesterday and early today after more hawkish remarks from a FED official.
The Aussie is drawing indirect support from a steep drop in the Euro, which is getting hammered by an energy crisis in Europe.
Australia is a net exporter of energy and high prices for liquefied natural gas globally have contributed to a run of record trade surpluses this year. The huge rise in European energy prices is helping to generate some of the surplus because of Australia’s aggressive sale of natural gas to the Euro Zone.
risk disclosure
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