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Both Q2-17 and Emissions look higher since the weeklies are making higher highs but always be aware of what could go wrong and when to bail. In the case of Q2-17 we saw range contraction and 26,50 being rejected. The range last week was €1,15 compared to €1,70 the week before and €3,00 and €3,15 respectively prior to that. Range contraction gets me excited because it always precedes range expansion. The low of last week was 25,35 and trade below gets me short as we then have put in a double top and started making lower lows. Still long from 25,75 last Monday.
Emissions are up against horizontal resistance at 5,50. The target on the upside is 6,60 with very good support at 5,00. At 4,00 is obviously where you want to buy a boatload.
Patric has a deep understanding of financial markets, risk management and technical analysis. He delivers actionable setups based on technical analysis and market psychology. He also creates sophisticated trade ideas using forwards and options and has a 10-year profitable track record trading fx and energy markets.