Outlook 06/15

Context: The FOMC is expected to keep interest rates unchanged today amid concerns about a U.S. hiring slowdown and Britain's possible exit from the EU. However, there will be a lot more for traders than the standard statement, including economic projections and the dot plot. Janet Yellen's press conference could also provide clues on the health of the economy, the trajectory of hikes and the impacts of a Brexit.

Yesterday closed imbalanced towards 2049. Globex is bullish towards 2080 (GBT), moving above value within 2081-2061 auction range.

Plan: It seems an open auction in range so first idea is to be a buyer around POC-GAP 2067-2066 towards VPOC-GBT-CLVN 2079-2081. If this first idea fails, I become a seller towards VAL 2058 and LVN 2055.

Value References (/ESU6): VAH 2067.75 POC 2066.75 VAL 2058.25

Economic Data (ET): 8:30 Producer Price Index and Empire State Mfg Survey; 9:15 Industrial Production; 10:30 EIA Petroleum Inventories; 2:00 PM FOMC Announcement; 2:30 PM Chairman Press Conference.

Notice: Trading process and plan are based on the Auction Theory.

Warning: Trading Futures involves substantial risk of loss and is not suitable for all investors. The past performance is not necessarily indicative of future results. All the information on this website is for educational purposes and is not intended to provide financial advice.