Outlook 06/21

Context: Yellen testimony on deck. Central bank watchers will hear from the Fed chief for the fourth time this month when she presents her semiannual testimony on monetary policy before Congress today and tomorrow. FOMC left rates unchanged last week, but Yellen's comments will be closely watched to see whether a July rate hike still remains an option, as well as potential financial stability risks of a Brexit.

Yesterday closed bullish towards 2105. Globex is balanced, moving in value within 2081-2105 auction range.

Plan: It seems an open auction in range so first idea is to be a buyer around CLVN-VAL 2081 towards CHVN-VAH 2091 and PBT-CLVN 2105. If CLVN 2081 fails, I become a seller towards GAP 2074.50 GAP 2058.75

Value References (/ESU6): VAH 2091.25 POC 2088.25 VAL 2080.75

Economic Data (ET): 10:00 Yellen monetary policy testimony.

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.