Emini Trading Update – Tuesday 5 Nov 2013 (10:18)
Well that’s more like it. Yesterday was so slow and no clear signals. But then today, the volume returns, the moves are smooth and the signals clear. Who knows what was going on yesterday.
Anyway, we’re looking for a break of the channel – 1,750 support and 1,760 resistance. We’ve still not seen exhaustion buying volume at new highs, so until we see that the probability is we’re going higher.
British Pound Update – Tuesday 5 Nov 2013 (4:05)
Meanwhile, after a few days weakness, we get some good PMI service numbers out of the UK. And that seems to be the news that we need to have another go at $1.62.
What I need now is some news or fundamentals that sends Crude higher. Grrrrr 🙁
Good luck with your Emini trading.