Could we get a $10 drop in Oil

5 gen 2023

If we get a good NFP number tomorrow, does that mean the US jobs market is strong? What will the Fed do? Raise rates, increase QT?
Fundamentally we should be seeing lower GDP, lower wages, lower demand and with that lower Oil.
Technically, we have higher GDP, stable wages, mixed changes in demand and lower oil.

This EOD strategy has been set, and now we just forget until we get to TP 1. Then for the remainder of the position, we get to BE and start trailling.
Todays stronger dollar on the back of ADP numbers, will repeat tomorrow on strong NFP numbers, or reverse if NFP comes in under the consensus.

Lower oil, on stronger USD, is also very bullish for Japan's economy as they are an energy importer. You will have to pick a side if trading USDJPY but it could be messy.

12 gen 2023

Trade chiuso manualmente

did not hit entry level