Dollar index testing 90 level for 4th time since 2008Previous tests of this level were rejected.
FED Reserve has said they don't want the dollar
to go too high. I believe a shorting opportunity
may be near.
Futures-trading
Sugar #11 Sell Stop at 16.25 looking for 10 - 15 ticksTwo down bars at a top with a price gap below $16 makes me think a third down bar will happen.
SUgar market opens tonight around midnight PDT (CALIF) so I will have to set my alarm.......
Time to buy Brent Crude Oil?Crude oil tested a critical support level on the daily chart last session. This market has experienced such an aggressive sell off, it has forced price to accelerate away from it's mean value - leaving that mean to price gap.
Generally when these gaps occur, the market likes to 'sling back' and fill the gap between mean and price which is knows as the 'elastic band effect'.
There is also a large bullish rejection candle off a strong support level which compounds the value of this trade idea.
