Trading with point and figure

[Dentalfloss]

trendline/poss rez at 24624-24640 area

 

[Dentalfloss]

dax

has a big wodge of horizontal supp if 13K breaks...could go anywhere in that

 

[Dentalfloss]

shorter term

 

[Moneylender]

Looking towards 13k for some support again, same as last evening

Sent from my Moto G (4) using Tapatalk

 

[Dentalfloss]

range coiling

 

[Dentalfloss]

12960-12984 decent supp area
13050 first rez
then 13086

 

[Moneylender]

12960-12984 decent supp area
13050 first rez
then 13086

Yeah that's my thinking as well, orders set, let's see what happens.

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[Dentalfloss]

oil 57.38 area
was prev supp..poss rez
there now

 

[Dentalfloss]

oil 57.38 area
was prev supp..poss rez
there now

if we can get 57.50..better
lets see

 

[Dentalfloss]

oil

 

[Dentalfloss]

spx 2660 and above is a rez
needs to test that

 

[Dentalfloss]

13056 pop to 13104 poss on cards

 

[Dentalfloss]

dax 1 min

 

[Dentalfloss]

13073 is a pivot area

 

[Dentalfloss]

********************
** EVENTS PREVIEW **
********************

After yesterday's largely underwhelming central bank bonanza, and the much better than expected US and UK Retail Sales, today's schedule of data and events is rather meagre, with the focus on the EU leaders meeting, that is accompanied by an expected rate cut in Russia and US Industrial Production and NY Fed Manufacturing survey. It is also "quadruple witching" in equity markets.

** Russia - Rate Decision **
Bank Rossi still has plenty of room to cut rates, with inflation remaining very subdued at 2.3% y/y and the RUB trading in a very steady range around 59.0 vs USD, Hence it is no surprise that the central bank is expected to cut by a further 25 bps to 8.0%, and there looks to be scope to cut at least to 7.0% during 2018. As ever Nabiullina will likely be cautious in terms of longer-term signals on the rate outlook, after getting strong backing from President Putin this week for her inflation targetting approach, and her very resolute efforts to clean up Russia's banking system.

** U.S.A. - Nov Industrial Production **
- After a stellar 0.9% m/m in Production and an even stronger 1.3% m/m in Manufacturing Output in October, due in no small part due to post hurricanes reconstruction work, November is likely to a more moderate 0.3% m/m gain on both measures. Prior to that there is the NY Fed Manufacturing survey, which as with other surveys is expected to remain at a historically strong 18.8, though slightly lower than November's 19.4, though the surge to a fresh record high in the NFIB Small Businesss Optimism earlier this week would seem to suggest some upside risks.

from Marc Ostwald

 

[Dentalfloss]

dow
pop to 24600.

 

[Dentalfloss]

dow
pop to 24600.

maybe we get 24625

 

[Moneylender]

Looking towards 13k for some support again, same as last evening

Sent from my Moto G (4) using Tapatalk

Took off from 13008, nice pips, helps to pay for Xmas.

 

[Moneylender]

13050 is Res as we said earlier

 

[Moneylender]

Took off from 13008, nice pips, helps to pay for Xmas.

Out at 13044, every little helps!