Daily Trading Opportunities - Monday, June 26

On Monday, there are a couple of announcements that could move the marketplace, including the German Ifo Business Climate Index, and the Core Durable Goods Orders in the United States. Ultimately, the market could get a bit of volatility.


With the volatility that we have seen in the oil market, it’s not surprising that the USD/CAD pair continues to grind sideways. It looks as if the 1.32 level on the bottom continues to offer support, while the 1.3350 level above offers resistance. Short-term back and forth trading is likely to be the way this market continues.



WTI Crude Oil

The WTI Crude Oil market continues to try to rally, but we find plenty of resistance above the $43 level. Because of this, put buyers continue to be very aggressive in this market and trying to push it much lower.




The USD/CHF pair initially fell during the day on Friday, but found enough support near the 0.97 level to attract call buying. It’s very likely that we will continue to see call buying and the short term, as the market has been targeting the 0.9760 level for several sessions now.




Disclosure: None.

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