May 17th Daily Trading Opportunities
anyoption | May 17, 2017 07:08
With the CPI, employment numbers, and crude oil figures coming out during the day, there should be plenty of economic announcements for the trader globally. Because of this, we are watching the following 3 assets:
WTI Crude Oil
As the WTI Crude Oil market approaches the psychologically significant $50 level, expect more resistance. The announcement of course will have a massive effect on what happens next, but signs of exhaustion just above could get put buyers interested in this market again. A break above the $50 level should be very bullish and buyers will more than likely take charge yet again.
DAX
The German index continues to find plenty of buyers on the call side, and is currently pressing the recent highs again. A break above to a fresh, new high should have buyers jumping into this market place.
USD/CHF
The US dollar fell against the Swiss franc again during the day on Tuesday, but we are approaching a major support level in the form of the 0.9850 just below. This is an area that has been reliable as of late, and with the oversold conditions, we could see put buyers make a stand. A breakdown below the level would be very negative.
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