Blueberry Markets

2022-06-17 10:07:43 [BUY] FRA40 - Bullish - We look to Buy at 5850

Previous support located at 5850
Previous resistance located at 6000
Price action looks to be forming a bottom
Risk/Reward would be poor to call a buy from current levels
A move through 6000 will confirm the bullish momentum


Stop: 5745.0
Target 1: 6175.0
Target 2: 6200.0

Chart Open / Comment

2022-06-17 10:03:21 [BUY] UK100 - Bullish - We look to Buy at 7000

Previous support located at 7000
Previous resistance located at 7100
Price action looks to be forming a bottom
A move through 7100 will confirm the bullish momentum


Stop: 6945.0
Target 1: 7120.0
Target 2: 7150.0

Chart Open / Comment

2022-06-17 09:55:38 [BUY] USDCAD - Bullish - We look to Buy at 1.2850

Previous support located at 1.2900
Previous resistance located at 1.3000
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2900, resulting in improved risk/reward
A move through 1.3000 will confirm the bullish momentum


Stop: 1.279
Target 1: 1.3
Target 2: 1.305

Chart Open / Comment

2022-06-17 09:50:35 [SELL] USD/TRY - Bearish - We look to Sell a break of 17.0000

Previous support located at 17.2000
Previous resistance located at 17.4000
Price action looks to be forming a top
A move through 17.0000 will confirm the bearish momentum


Stop: 17.4
Target 1: 16.0
Target 2: 15.9

Chart Open / Comment

2022-06-17 09:25:51 [SELL] AUDJPY - Bearish - We look to Sell at 95.00

Previous support located at 93.50
Previous resistance located at 94.50
A higher correction is expected
Risk/Reward would be poor to call a sell from current levels
A move through 93.50 will confirm the bearish momentum


Stop: 96.0
Target 1: 92.5
Target 2: 92.0

Chart Open / Comment

2022-06-17 09:16:48 [SELL] Palladium - Bearish - We look to Sell at 1921

Preferred trade is to sell into rallies
We have a 50% Fibonacci pullback level of 1921 from 2085 to 1761
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
There is scope for mild buying at the open but gains should be limited
Further downside is expected and we prefer to set shorts in early trade


Stop: 1953.0
Target 1: 1760.0
Target 2: 1741.0

Chart Open / Comment

2022-06-17 09:10:45 [SELL] GBPCHF - Bearish - We look to Sell at 1.1983

Bespoke resistance is located at 1.2000
Preferred trade is to sell into rallies
There is scope for mild upward pressure at the open but we look for selling interest to resist gains
Levels close to the 38.2% pullback level of 1.1990 found sellers


Stop: 1.2031
Target 1: 1.1803
Target 2: 1.1709

Chart Open / Comment

2022-06-17 09:08:22 [BUY] Platinum - Bullish - We look to Buy a break of 955

Price action has formed a bullish ascending triangle formation
The bias is to break to the upside
The sequence for trading is higher highs and lows
A break of 951 is needed to confirm follow through bullish momentum


Stop: 933.0
Target 1: 999.0
Target 2: 1010.0

Chart Open / Comment

2022-06-17 09:06:40 [BUY] Silver - Bullish - We look to Buy at 21.45

Prices expected to stall near trend line support
Previous support located at 21.50
Preferred trade is to buy on dips
Expect trading to remain mixed and volatile


Stop: 21.27
Target 1: 21.96
Target 2: 22.28

Chart Open / Comment

2022-06-17 09:00:17 [SELL] NatGas - Bearish - We look to Sell at 7.931

The medium term bias remains bearish
A shooting star has been posted on the daily charts
There is scope for mild buying at the open but gains should be limited
Further downside is expected although we prefer to sell into rallies close to the 8.000 level


Stop: 8.339
Target 1: 7.025
Target 2: 6.8

Chart Open / Comment