06 June 2010

Some Important Chart Levels

  • Markets at critical juncture now. See accompanying weekly line charts.
  • AUD/USD run way ahead of the pack.
  • Copper just about made its move last week.
  • S&P500 and US10YY both sitting on critical supports.
  • Next week's price action could well be the trigger for the next big market opportunity.
  • Will be looking to reduce Risk On (+CAD+EUR) and leave Core Book with a Risk Off bias. (Control on overall book size + Sheer folly of piling onto a bigger and bigger spread trade).
  • [Strictly speaking, US10YY has run ahead as well given that Feb10 lows already taken out]

2 comments:

TRS said...

Love your blog. Realise that you are a football fan. Thought you might like this World Cup calendar. Great visualisation of dates/teams/groups/stadiums

http://www.marca.com/deporte/futbol/mundial/sudafrica-2010/calendario-english.html

Taichiseal said...

thanks