Economic Calendar:
| 10:00 am | Consumer sentiment (prelim) | June | 54.0 | 52.2 |
Geopolitical:
Iran and Israel eascalation affects the oil and gold. Oil tends to rise due to supply concerns and geopolitical risk. Gold typically increases due to its role as a safe-haven asset during periods of uncertainty.
ES
MES is very quiet in london session after falling strongly down due to Iran and Israel conflicts. I wait the how the market will react on these news during NewYork session. Technical the price of ES is below 6000 which is put the market in downtrend for intraday timeframes. 4H chart is showing that the price changed CHOCH from the bullish to bearish, but price is backing to re-test resitance at 6000.
1hourly timeframes is showing that the market is strong bearish and the price back on the 50% of from the recent High low to Lower low. I am expecting to see some sellers to come in the market on the zone range from 6000-5990.
 |
| MES in london Session |
Gold surged strongly during Israel strike nuclear stategies area in Iran. This event lead gold in breaking the daily resistance at 3410. I am expecting the market to keep moving upside during Newyork session. Hourly chart is bullish and the high highs is clear for upside. In addition, London session was traded in the range because the investor are still waiting how the market will react on the geopolitical news.
 |
| 4hourly Gold Chart |
OIL surge in response of the Geopolitical news from the Israel and Iran. investors are looking a resistance at 78.5 where the sellers came in the early london session. In addition, Daily and intraday timeframes are bullish. Buying oppotyunity will be a good choice.
 |
| 15M oil chart |
EURUSD
EURUSD reacted negatively on the news. EURUSD got resistance at 1.1700 is where the sellers come to control the market,so I am still looking the sellers to keep controll toward 1.1556 is daily support. I think the buyers will join the market on this zone. I am must be carefully for price action because middle East conflicts.
0 Comments