Trading Analysis for Tuesday 28th November 2017
My WTI long gets taken out at the stop 1 x risk below the high for a gain of +1.40%.
Yesterday was choppy in the markets, with no Tier I news to drive events.
The USD was flat on the day after being down. US equities moved little. The JPY strengthened and the US 10 Year yield dropped. Gold rose during the period when the USD fell. I’m saying risk sentiment was neutral/off.
On the currency markets the EUR gives back some of Friday’s gains.
I’ll be watching WTI closely today. Is there a rise to be had before Thursday’s OPEC announcement? (and is it in fact Thursday, or Wednesday?) and is there a reversal post-announcement that we can trade? (i.e. the sell-the-fact part of buy-the-rumour/sell-the-fact).
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