Daily Alert – Tuesday 28th June 2022: WTI rises in quiet market

Mark NugentDaily Alert, June 2022

Daily Alert – Tuesday 28th June 2022: WTI rises in quiet market

Good morning.

Yesterday was indecisive in terms of risk sentiment. There was little on the economic calendar. I did have a bite at WTI (oil) long as it rose from the 100-day moving average. It is currently slightly in the money. I will watch it closely and will not let it go negative. So, no money at risk on that trade and we hope for a profit.

The calendar is quiet again today, with API Inventories (oil) being the only item on the horizon. I will monitor risk sentiment as the day progresses. The S&P500 has ground to a halt around 3925. A breakout to the upside and a close on the daily chart might tempt me into a long trade.

I’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE