Outlook 07/07

Context: Futures edge lower as Europe posts gains. The Fed didn't raise its benchmark interest rate last month because officials worried about the "surprisingly weak May employment report," according to the minutes of the June meeting. And that was before the Brexit vote.

Plan: Globex is bearish (2085), moving in value within 2081-2105 range.
It seems an open auction so first idea is to be a seller using RTH setups towards CLVN 2081 and VAL 2074.25 If that fails, I become a buyer towards GAP 2100 and CLVN-SoC Brexit 2105-2106.

Value References (/ESU6): VAH 2093.75 POC 2086.75 VAL 2074.25

Economic Data (ET): 9:45 Bloomberg Consumer Comfort Index; 10:30 EIA Natural Gas Inventory; 11:00 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.