Outlook 06/20

Context: Week begins in the green. Markets have their rally caps back on after weekend polls suggested Britain was more likely to vote to remain in the EU in Thursday's referendum. Sterling is getting a massive boost on the news, with the pound up 2% against the dollar. Campaigning activities have also resumed in the U.K. as both camps tone down their rhetoric following the killing of Labour Party Jo Cox.

Friday closed balanced. Globex is bullish towards 2100 (GBT), moving above value within 2081-2105 auction range.

Plan: It seems an open test drive so first idea is to be a buyer around CLVN 2081 towards CHVN 2091 and GBT 2100. If CLVN 2081 fails, I become a seller towards previous value area 2065.25-2058.75

Value References (/ESU6): VAH 2065.25 POC 2062.75 VAL 2058.75

Economic Data (ET): 1:00 PM 2-Year Note Auction.

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.