Blueberry Markets

2022-06-06 09:04:34 [BUY] AUDUSD - Bullish - We look to Buy at 0.7140

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 look to buy dips


Stop: 0.709
Target 1: 0.728
Target 2: 0.7465

Chart Open / Comment

2022-06-06 09:01:32 [BUY] NatGas - Bullish - We look to Buy at 8.439

The medium term bias remains bullish
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher
A weaker opening is expected to challenge bullish resolve
Support is located at 8.400 and should stem dips to this area
We look to buy dips


Stop: 8.171
Target 1: 8.991
Target 2: 9.2

Chart Open / Comment

2022-06-06 09:00:29 [SELL] EUR/SEK - Bearish - We look to Sell at 10.5230

We look to sell rallies
Previous resistance located at 10.5250
There is scope for mild buying at the open but gains should be limited
The trend of lower lows is located at 10.4115
Risk/Reward would be poor to call a sell from current levels


Stop: 10.5441
Target 1: 10.4609
Target 2: 10.4119

Chart Open / Comment

2022-06-06 08:55:26 [BUY] Palladium - Bullish - We look to Buy at 1978

Preferred trade is to buy on dips
Trading close to the psychological 2000 level
Previous support located at 1980
Buying posted in Asia


Stop: 1952.0
Target 1: 2058.0
Target 2: 2199.0

Chart Open / Comment

2022-06-06 08:55:04 [BUY] Brent - Bullish - We look to Buy at 115.10

The primary trend remains bullish
Price action produced another positive week, last week
We can see no technical reason for a change of trend
Dip buying offers good risk/reward


Stop: 112.09
Target 1: 121.92
Target 2: 124.0

Chart Open / Comment

2022-06-06 08:52:22 [SELL] GBPCHF - Bearish - We look to Sell at 1.2060

We expect this move lower to continue and look to set shorts using previous highs as a stop
We look to sell rallies
Previous support at 1.2060 now becomes resistance
Expect trading to remain mixed and volatile
Further downside is expected although we prefer to sell into rallies close to the 1.2060 level


Stop: 1.2082
Target 1: 1.1996
Target 2: 1.191

Chart Open / Comment

2022-06-06 08:49:59 [BUY] Silver - Bullish - We look to Buy at 21.81

Preferred trade is to buy on dips
Previous support located at 21.75
Choppy price action seen
The bias is still for higher levels and we look for any dips to be limited
Expect trading to remain mixed and volatile


Stop: 21.62
Target 1: 22.43
Target 2: 22.67

Chart Open / Comment

2022-06-06 08:49:57 [BUY] WTI - Bullish - We look to Buy at 114.60

The primary trend remains bullish
3 positive weekly performances in succession
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher
Further upside is expected although we prefer to set longs at our bespoke support levels at 114.60, resulting in improved risk/reward


Stop: 112.16
Target 1: 120.0
Target 2: 121.0

Chart Open / Comment

2022-06-06 08:46:34 [BUY] XCUUSD - Bullish - We look to Buy at 4.351

Previous resistance at 4.350 now becomes support
We look to buy dips
We look for a temporary move lower


Stop: 4.309
Target 1: 4.449
Target 2: 4.469

Chart Open / Comment

2022-06-01 18:22:55 [SELL] ASX200 - Bearish - We look to Sell at 7237

The trend of lower highs is located at 7300
This is negative for sentiment and the downtrend has potential to return
Rallies continue to attract sellers
Further downside is expected although we prefer to sell into rallies close to the 7242 level


Stop: 7317.0
Target 1: 7053.0
Target 2: 7025.0

Chart Open / Comment