Outlook 06/23

Context: Brexit referendum is underway in Britain, where citizens are casting their vote on whether to 'Remain' or 'Leave' the EU. Despite most polls suggesting the outcome is too close to call, markets are soaring and sterling is at fresh 2016 highs, while the G7 nations are poised to take "all necessary steps" to calm markets in case of a Brexit.

Yesterday closed slight bearish but Globex is bullish, moving above value within 2081-2105 auction range.

Plan: It seems an open auction out of range so first idea is to be a buyer around HOY 2091 towards CLVN 2105. If 2091 fails, I become a seller towards VAH 2085.75 and POC-GAP zone 2077-76.

Value References (/ESU6): VAH 2085.75 POC 2077.25 VAL 2076.25

Economic Data (ET): 9:45 PMI Manufacturing Index Flash, Bloomberg Consumer Comfort Index; 10:00 New Home Sales, Leading Indicators; 10:30 EIA Natural Gas Inventory; 5:00 pm UK polling close.

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.