Issued: 09/09/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached Tuesday, September 8.
3. The remaining long position should be held for the final target at/near $112.70/$.85. Aggressive can hold for the possibility of higher prices (beyond $112.70/$.85) to be messaged in a subsequent update. A daily close above $112.85 is a much stronger position, if occurs.
4. Our protective sell stop should now be moved to $111.60. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 09/10/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached Tuesday, September 8.
3. Today, Thursday, September 10 the December euro attempted completion of the $112.70/$.85 upside target (today’s session high $112.62, so far). This likely completes the trade. Will message any further entry or indication in the December euro.
David Williams
Issued: 09/07/2015
December euro:
1. The recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicate a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day). Any hourly or daily close below either $111.40 (and worst-case, $110.98) will negate the above indication.
2. Initial long position exit should be taken at/near $112.30, and the remaining position held for at/near $112.70/$.85.
3. Once long, and initial protective sell stop should be placed at $110.90. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 09/08/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached today, Tuesday, September 8 (session high, $112.31, so far). The remaining position should be held for at/near $112.70/$.85. Any change in this outlook will be messaged in a subsequent update.
3. Our protective sell stop should now be moved to $111.40. This stop will be moved higher as the market continues to confirm. Will update.
David Williams