Trading Plan: Tuesday 28th May 2019

Mark NugentMay 2019, Trading Plan

Trading Plan: Tuesday 28th May 2019

Lots of events last week. China hits back at Trump by “preparing for a long trade war”. Trump suggests that Huawei could be included in any deal. In the UK, PM May says she will resign on 7th June. The Tories and Labour get minced in the EU elections. Westpac calls for three (up from two) rate cuts in Oz this year. Oil drops over 6% due to sentiment and technical selling.

This week I will be looking at equities as always and at weakness in AUD, TRY and GBP. I will also be looking for a reversal in WTI, as technical selling events often reverse. I have taken a long on WTI last night.

Have a great week.

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