EUR/USD, Sugar & Heating Oil weekly outlook for 28 – 31 October 2019
Great news for all whose stop losses got triggered because of Draghi – he has gone. So, my congratulations lol Let’s hope Christine Lagarde will be more predictable Head of European Central Bank. Many traders expect to see big sell-off in EUR/USD after such news. But not me. Well, we can see a bit more of a downside within this corrective wave, but anyway, I am waiting for 1.1200.
Sugar, sweet sugar. We already made nice profits in this market and were out by trailing stop. Now I think we should see more upside. Commercials renewed their positions. We have a nice trendline, and the break above it will be signal to go long with targets 13 and 13.30.
Heating oil as expected is moving upside, and till Wednesday’s low holds, our targets at 2.050 and 2.100 are intact.
Wishing you a profitable week!