Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The next levels of interest are 1.3674 (100% expansion of 9/19-9/25 range) and then the year to date high at 1.3711. Channel resistance is at about 1.3719 on Friday.
-COT indicates that sentiment may be extreme among bulls. Weakness below 1.3500 is needed to reverse the near term trend and shift focus to the 1.3415/60.
Trading Strategy: Flat
LEVELS: 1.3460 1.35041.3570 | 1.3674 1.37111.3837
- Basic Materials Industry
- Utility Industry