Outlook 06/22

Context: Markets appear to be in "wait and see" mode ahead of a closely watched Brexit vote. Politicians on both sides of the debate will be making their last arguments today ahead of polling stations opening tomorrow at 7:00 am UK time. Yellen cited "considerable uncertainty" about the potential for a Brexit vote to shake up the markets. She testifies again today, before the House Financial Services Committee.

Yesterday closed slight bearish towards 2070 (PBT). Globex is bullish towards 2088 (GBT), 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-VAH-GAP 2081-2080 towards VPOC-GBT 2088.25 CHVN 2091. If CLVN 2081 fails, I become a seller towards POC 2077.75 and PBT 2070.

Value References (/ESU6): VAH 2081.75 POC 2077.75 VAL 2077.25

Economic Data (ET): 10:00 Existing Home Sales, Yellen delivers semi-annual monetary policy testimony; 10:30 EIA Petroleum Inventories.

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.