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Clive Lambert - FuturesTechs
Clive Lambert of FuturesTechs is looking to be long Brent crude oil. He is buying at $53.50-53.70/b with a stop at $52.70/b, and his targets are $55.30/b and $60.00-61.00/b.
Day trade
Trade view / 04 October 2016 at 5:56 GMT

EURGBP moving up with the Keltner channel

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Background

A weaker sterling generally led EURGBP to a positive opening gap, from Friday’s close.

Further buying took the cross to the most positive levels traded for three years and back to the upper band of a rising daily Keltner channel.

The current setbacks based on overbought extremes are assessed as likely to be temporary and limited.

Management and risk description

A move to 0.8748 means the stop can be raised to break even.

Parameters

Entry: Buy in at 0.8715/20 area and any 0.8702 dip.

Stop: 0.8676 offered

Target: 0.8748 and 0.8772

Time horizon: Intraday, ending 1600 London time

Marabuzo line
Marabuzo Line
 Gradual gains
Gradual Gains
 Long term
Long Term
Source: All charts from CQG


— Edited by Adam Courtenay

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Non-independent investment research disclaimer applies. Read more

04 October
AlanCollins AlanCollins
Has traded close to our .8748 target but we now suggest taking some profits at .8740 instead with a stop at .8708.

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