Outlook 08/17

Context: FED Minutes in focus. After saying the economy stands on better footing at its July meeting, the Federal Reserve will publish details of its view today, potentially giving a steer on how likely an interest rate increase will be in September or December. Further calls for rate hikes were heard yesterday from Fed officials William Dudley and Dennis Lockhart, who pointed to ongoing strength in the U.S. labor market and positive indications inflation may pick up.

Plan: Globex is balanced, moving below value within 2173-2185 range. It seems an open auction in range, so first idea is to be a seller below VAL 2177.50, using profile setups towards CLVN-GAP 2173-2172.75. If that fails, I become a buyer towards POC 2179.50 and GAP 2186.25

Value References (/ESU6): VAH 2180.50 POC 2179.50 VAL 2177.50

Economic Data (ET): 10:00 Atlanta Fed's Business Inflation Expectations; 10:30 Crude Inventories; 1:00 PM Fed's Bullard; 2:00 PM FOMC minutes

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.