Stocks...
SPU’s...need sustained price action under 1885-7 to break anywhere.
Bonds …
30 yr. Bonds…range bound.
FX…
GBP/USD…Sterling is reacting to the Scottish Independence Polls.
It put in an ORL week last week. The Yes camp for devolution is gaining in the exit polls.
160.00 is monthly support.
USD/JPY…price action under 104.60 (above 96.65 Futures is needed to run out the shorts.
Commodities…
OIL…92.50 is the level that will run the next dollar move in oil.
91.30-60 is below.
Brent...looks technically weaker than WTI, with room for another 3 dollars to the downside.
Natgas…3.72 is weekly support and the downside pivot. 3.92 is resistance.
General Comments or Valuable Insight
Welcome to this months episode of Full Moon Trading.
Be patient and let’s just wait to see how things shake out today into tomorrow.
Price action next week is more important than what happens this week.