Outlook 07/01

Context: Futures flat as third quarter begins. UK's 10y yield sank overnight after Mark Carney suggested the BoE could cut rates this summer if the economy suffers from "post-traumatic stress disorder".

Plan: Yesterday market closed bullish (PBT 2105) Globex is balanced, moving in value within 2081-2105 range. It seems an open auction in range so first idea is to be a buyer above CLVN 2081, looking for RTH setups towards Brexit SoC-PBT-GAP 2105-2106. If that fails, I become a seller towards VAL 2073 LVN 2068 and CLVN 2061.

Value References (/ESU6): VAH 2091.25 POC 2087.50 VAL 2073

Economic Data (ET): 9:45 PMI Manufacturing Index; 10:00 ISM Manufacturing Index, Construction Spending; 11:00 Fed's Mester; 1:00 PM Baker-Hughes Rig Count.

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.