Outlook 06/24

Context: Markets down sharply after Britain voted to leave the EU in a historic referendum. Sterling is plunging, equities and bonds yields are tumbling, crude is deep in the red while gold prices surge as the shockwaves hit every asset class and region. Globex is bearish towards 1950 (GBT), moving below May's lows within 2061-2021 auction range.

Plan: It seems a high volatility session so first idea is to sit on hands and wait for reasonable volume profile to trade. CLVN-MID-LVN 2061-2050 is the 'line in the sand' zone. CME prices limit down 1957 (7%) 1830 (13%)

Value References (/ESU6): VAH 2099 POC 2096.50 VAL 2092

Economic Data (ET): 10:00 Consumer Sentiment; 1:00 PM Baker-Hughes.

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.