Current economic data releases are confusing in the fact that we’re well into the latter half of April yet we are still getting data for February, with the all important March still in the background. A main example today was the UK unemployment rate of 4.0% – as of February . Strange. On the Oil front, the new WTI contract started the day at $19.78pb but quickly dropped to $6.48pb on continued storage concerns before recovering slightly to $12.96 at the time of writing. We also have API Weekly Crude Oil Stocks out shortly. Will be interesting to see the figure and how the price reacts.
All our instruments did very well today in both our long and short Dom trend directions with some excellent points available. Volumes and volatility have settled but still our brokers continue to charge over the odds, a bit like how we’re still getting ripped off at the petrol/diesel pumps!
Today we had a very respectable maximum potential of 920 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 92 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
