Friday, April 24, 2015

Weekly Update

GBP/USD 1.5175:
Closing my previous call.
Unlike what I expected the British Pound managed to break the barrier of 1.50 to 1.5175  and as a result I will end my previous short call. However, this didn't change my long term view and should we see a new break below 1.50 this may trigger a new short call.



Oil 57.19:
The WT Oil behaved as I predicted and climbed all the way up from the mid 40's to 58 getting him closer to my profit target at 60. It may still fluctuate within the range of the 50's but I don't expect new lows.




Dow 18080:
No change in my view despite the Nasdaq's new highs.



EUR/USD 1.0863
No change in my view.



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