Blueberry Markets

2022-08-31 13:56:32 [SELL] NDX100 - Bearish - We look to Sell at 12694

The medium term bias remains bearish
Trading within a Bearish Channel formation
We are assessed to be in a corrective mode higher
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 12800, resulting in improved risk/reward


Stop: 12973.0
Target 1: 12009.0
Target 2: 11800.0

Chart Open / Comment

2022-08-31 13:39:09 [SELL] US500 - Bearish - We look to Sell at 4073

Prices have continued the bearish move lower and resulted in 3 consecutive negative days
A firmer opening is expected to challenge bearish resolve
Resistance is located at 4080 and should cap gains to this area
We look to sell rallies
Further downside is expected


Stop: 4138.0
Target 1: 3922.0
Target 2: 3880.0

Chart Open / Comment

2022-08-31 13:27:05 [SELL] DOW30 - Bearish - We look to Sell at 32346

The medium term bias remains bearish
A firmer opening is expected to challenge bearish resolve
Previous support at 32500 now becomes resistance
Resistance could prove difficult to breakdown
Preferred trade is to sell into rallies


Stop: 32825.0
Target 1: 31260.0
Target 2: 31000.0

Chart Open / Comment

2022-08-31 09:19:45 [SELL] SA40 - Bearish - We look to Sell at 63100

Buying pressure from 60941 resulted in prices rejecting the dip
We are trading at oversold extremes
A higher correction is expected
With the Ichimoku cloud resistance above we expect gains to be limited
Preferred trade is to sell into rallies


Stop: 63990.0
Target 1: 60565.0
Target 2: 57975.0

Chart Open / Comment

2022-08-31 09:18:43 [SELL] FRA40 - Bearish - We look to Sell at 6325

Previous support located at 6200
Previous resistance located at 6300
A higher correction is expected
Risk/Reward would be poor to call a buy from current levels
Further downside is expected


Stop: 6400.0
Target 1: 6175.0
Target 2: 6150.0

Chart Open / Comment

2022-08-31 09:15:20 [SELL] UK100 - Bearish - We look to Sell at 7450

Previous support located at 7350
Previous resistance located at 7400
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7450, resulting in improved risk/reward
A move through 7350 will confirm the bearish momentum


Stop: 7525.0
Target 1: 7300.0
Target 2: 7250.0

Chart Open / Comment

2022-08-31 09:11:18 [BUY] NatGas - Bullish - We look to Buy at 8.900

Although the bears are in control, the stalling negative momentum indicates a turnaround is possible
This is positive for sentiment and the uptrend has potential to return
The hourly chart technicals suggests further downside before the uptrend returns
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher


Stop: 8.65
Target 1: 9.615
Target 2: 9.655

Chart Open / Comment

2022-08-31 09:09:35 [BUY] Platinum - Bullish - We look to Buy at 841

Daily signals are mildly bullish
There is scope for mild selling at the open but losses should be limited
Prices expected to stall near trend line support
Dip buying offers good risk/reward
Although the anticipated move higher is corrective, it does offer ample risk/reward today


Stop: 820.0
Target 1: 889.0
Target 2: 910.0

Chart Open / Comment

2022-08-31 09:09:33 [SELL] USDCAD - Bearish - We look to Sell a break of 1.3050

Previous support located at 1.3050
Previous resistance located at 1.3100
We expect a reversal in this move
A move through 1.3050 will confirm the bearish momentum


Stop: 1.31
Target 1: 1.29
Target 2: 1.285

Chart Open / Comment

2022-08-31 09:06:50 [SELL] Palladium - Bearish - We look to Sell at 2186

Trading has been mixed and volatile
A weaker opening is expected to challenge bullish resolve
The bias is still for lower levels and we look for any gains to be limited
Bespoke resistance is located at 2185
We look to sell rallies


Stop: 2217.0
Target 1: 2113.0
Target 2: 2000.0

Chart Open / Comment