Outlook 08/04

Context: Futures edge higher as BoE cuts rates, adds to QE. Bank of England cut its benchmark bank rate by 25 bp to 0.25%, and restarted its QE program, adding corporate bonds to the assets eligible for purchase.

Plan: Globex is balanced, moving above value within 2139-2171 range. It seems an open auction, so first idea is to be a buyer above 2151 towards GAP 2164. If that idea fails, I become a seller towards CLVN 2139.

Value References (/ESU6): VAH 2155.75 POC 2153.75 VAL 2151.75

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

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.