? [Sell Limit] US30 - Bearish - We look to Sell at 40725

▪ Trades at the lowest level in 15 days.
▪ Price action has formed an expanding wedge formation.
▪ The medium term bias remains bullish.
▪ Bespoke support is located at 40160.
▪ Bespoke support is located at 40083.
▪ Although the anticipated move lower is corrective, it does offer ample risk/reward today.

Confidence: ⭐⭐⭐
⛔ Stop: 40905
? Target 1: 40160
? Target 2: 40090
⌛ Expires: 2024-09-10 11:00
All trading involves risk.
Market Chart

Good morning to all and a good week ahead. Weekly Market Outlook - September 9th - 13th 2024 - All About US CPI, ECB Interest Rate Ahead: https://blog.oneroyal.com/market-analysis/weekly-market-outlook-september-9th-13th-2024-all-about-us-cpi-ecb-interest-rate-ahead/

*All Trading Involves Risk

OneRoyal Blog

Weekly Market Outlook - September 9th - 13th 2024 - All About US CPI, ECB Interest Rate Ahead - OneRoyal Blog

Hello Traders, Good morning to all and hopefully everyone has had a great weekend. After last week’s NFP release we are entering into a busy week ahead with multiple key Economic releases which could potential cause big market reactions and volatility ahead.…

? [Sell Limit] Gold - Bearish - We look to Sell at 2507

▪ Broken out of the wedge to the downside.
▪ The formation has a measured move target of 2472.
▪ Expect trading to remain mixed and volatile.
▪ The bias remains mildly bearish but there is scope for a move in either direction at the open.
▪ We look to set shorts at our bespoke indicator level (2507).
▪ The medium term bias is neutral.

Confidence: ⭐⭐⭐
⛔ Stop: 2517
? Target 1: 2472
? Target 2: 2430
⌛ Expires: 2024-09-10 05:00
All trading involves risk.
Market Chart

? [Sell Limit] Gold - Bearish - We look to Sell at 2525.5

▪ 2530 continues to hold back the bulls.
▪ We look for a temporary move higher.
▪ The bearish engulfing candle on the 4 hour chart is negative for sentiment.
▪ Preferred trade is to sell into rallies.
▪ Daily signals for sentiment are at overbought extremes.
▪ Expect trading to remain mixed and volatile.

Confidence: ⭐⭐
⛔ Stop: 2537.5
? Target 1: 2495.5
? Target 2: 2485.5
⌛ Expires: 2024-09-03 05:00
All trading involves risk.
Market Chart

? [Sell Limit] Bitcoin - Bearish - We look to Sell at 59950

▪ Daily signals are mildly bearish.
▪ Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
▪ 20 1day EMA is at 60200.
▪ Preferred trade is to sell into rallies.
▪ Early optimism is likely to lead to gains although extended attempts higher are expected to fail.

Confidence: ⭐⭐⭐
⛔ Stop: 61150
? Target 1: 56950
? Target 2: 55950
⌛ Expires: 2024-09-03 11:00
All trading involves risk.
Market Chart

? [Buy Limit] US30 - Bullish - We look to Buy at 40950

▪ Price action continues to be mixed and volatile for 5 days in succession resulting in spikes in both directions.
▪ Price action continues to trade around the all-time highs.
▪ We are trading at overbought extremes.
▪ Bespoke support is located at 40950.
▪ Preferred trade is to buy on dips.

Confidence: ⭐⭐⭐
⛔ Stop: 40800
? Target 1: 41528
? Target 2: 41600
⌛ Expires: 2024-09-03 11:00
All trading involves risk.
Market Chart

? [Buy Limit] Bitcoin - Bullish - We look to Buy at 62500

▪ Our bespoke resistance of 62588 has been clearly broken.
▪ Previous resistance at 62500 now becomes support.
▪ Support is located at 62500 and should stem dips to this area.
▪ Dip buying offers good risk/reward.
▪ The primary trend remains bullish.

Confidence: ⭐
⛔ Stop: 61300
? Target 1: 65500
? Target 2: 66200
⌛ Expires: 2024-08-27 11:00
All trading involves risk.
Market Chart

? [Sell Limit] US30 - Bearish - We look to Sell at 41460

▪ We are trading at overbought extremes.
▪ This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
▪ The hourly chart technicals suggests further upside before the downtrend returns.
▪ Preferred trade is to sell into rallies.
▪ Although the anticipated move lower is corrective, it does offer ample risk/reward today.

Confidence: ⭐⭐
⛔ Stop: 41747
? Target 1: 40743
? Target 2: 40485
⌛ Expires: 2024-08-27 11:00
All trading involves risk.
Market Chart

? [Buy Limit] WTI - Bullish - We look to Buy at 75.15

▪ Yesterday's Marabuzo is located at 75.15.
▪ Buying posted in Asia.
▪ Buying posted close to the previous low of 72.24.
▪ Prices have reacted from 72.71.
▪ Short term oscillators have turned positive.
▪ We look to buy dips.

Confidence: ⭐⭐
⛔ Stop: 74.35
? Target 1: 77.15
? Target 2: 77.55
⌛ Expires: 2024-08-27 05:00
All trading involves risk.
Market Chart

? [Sell Limit] Bitcoin - Bearish - We look to Sell at 59850

▪ Levels close to the 78.6% pullback level of 59760 found sellers.
▪ Daily signals are bearish.
▪ 20 1day EMA is at 59900.
▪ We look for a temporary move higher.
▪ The sequence for trading is lower lows and highs.

Confidence: ⭐⭐⭐
⛔ Stop: 61050
? Target 1: 56850
? Target 2: 56150
⌛ Expires: 2024-08-20 11:00
All trading involves risk.
Market Chart