Marty's PIT Session Notes |
Marty's PIT Session Levels |
Dollar-index-correlation:
Dollar Index Daily |
The Dollar-Index
has pushed to the major sell-zone at the highs of the trading range late last
week and this morning we see the Dollar-Index has some work to do if it will
break to new higher-highs above the 85.00 big-round-number. Look for resistance on the Dollar-Index this
morning, which means we will be using the negative Dollar-Index-correlation to
make educated trades today.
Dollar Index 4-Hour |
We can see support
levels below us on the Dollar-Index which tell us where to expect the Dollar-Index
to fall to this morning if the sellers can take control.
Crude Oil Weekly |
Crude Oil 4-Hour |
We can see
that Crude Oil has tested the highs of the 240-minute bull price-channel around
the 104.00 area and we have begun to pull back off these highs. We can see a short term buy-zone at 102.30
and 100.98 below us, which we will use as locations to look for a price-reversal
to move higher this morning. We can see there
is plenty of room for this price-action to fall lower today.
Crude Oil 5-Minute Chart |
We can see price-action
on the 5-minute chart trading at the lows of the London trading Session into
the price reversal-zone from 102.78 down to 102.60 price levels. We are bullish in the price reversal-zone as support
and bearish with a 5-Minute candle close below the 102.60 area.
VIP Buy-zone
Level for today: 102.78 -102.60
VIP Sell-zone
Level for today: 103.62 – 103.44
This is just
a snapshot of our Morning-newsletter which is posted every trading day at 8:00am EST in our Members Section.
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best regards
Ansari
maryam_fatima_wins@yahoo.com