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Friday Morning Briefing
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Friday Morning Briefing

Friday Morning Briefing

by The MoleApril 26, 2013

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Crude is touching its 25-hour right now – the upside is blocked by two Net-Line Buy Levels. It if pushed past them I want to be long – short only below the 25-hour.

Similar idea actually on the YM futures right now. I’m seeing it bounce after having taken this snapshot so maybe that’s the direction it’ll take – the path will be easier above 14639.

CAD/JPY is coiling up and I await resolution hopefully near that 100-hour SMA.

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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