US
DOLLAR
A quick update about the US Dollar: we are
seeing it moving mainly sideways after a final top in April, we did forecast the
top in May, not so bad. Now the forecast is suggesting higher levels, whit the
US Dollar remaining mainly up all year long, let's see if we will be right. If
we want to play with the prices, the most important level is at 93.50, as long
as the US Dollar remains above this level, it is possible to expect higher
levels. Possible next target in area 107.
CORN
& SOYBEANS
We would be surprise to know anyone that did a
better forecast than ours! Does it look a strong sentence? Judge by
youself!
2015, 23 of March: in May the PFS
suggests a new strong up push, actually May should be a new buy opportunity,
above all if it turns out to be a Low.
2015, 9 of May: Now we are in May,
and so, I’m trying to open new LONG positions to let them to run, possibly till
July.
2015, 31 if May: We were expecting a
final Low in May, Corn did it and now I’m expecting a new uptrend. In the worse
scenario we are going to see a general sideways movement in the first days of
June. The uptrend should work at least till the last 10 days of June, but
statistically it should go on till July. July should be the High... As you can
see, the PFS is now suggesting higher levels till July and then down. This is
the main path I want to follow.It is important to not think that Soybeans cannot
go lower, everything can always happen. Actually, in July I will start following
a possible new downtrend.
This is the PFS Chart I posted n the 31st of
May in our Reports:
2015, 1 of July: Corn - If you
followed the strategy and the forecast of our last update, I think you made
enough profits, don’t you think? Possible pullback starting from the beginning
of July. For the December Contract, the most important area is 436-437, we are
planning to be always SHORT under it and FLAT above it.
Soybeans - As I said for Corn,
possible pullback at the beginning of July, better to close the LONG position.
We are planning to be always SHORT under the Key Prices 1040 or 1025 with the
November Contract, and stop above this levels.The most important area for this
Contract is now at 1033-1040.
SOYBEANS CHART:
CORN CHART:
S&P500
Probably, it is since January I keep saying in
every my Weekly Report: In case of a continuation of the uptrend, next
target at xxxx Index Points.Don’t forget the Market remains in uptrend, people
are trying to call every week the next crash since 2012, but here we are, still,
so, it is wise to follow the uptrend as long as we don’t have a different
confirmation. The PFS suggests..... (in a mid-term point of view). Using our
timing studies we try to take advantage of any pullback to open LONG
positions.
We are actually playing with the sideways
Market that lasts since April. We know exaclty what will be the signal for the
end of the uptrend, and it is still not time. If you read the previous
Newsletters, you can see that we are not suggesting any SHORT position. Even
unexpert eyes can see that we are working between area 2050 and 2130 Index
Points.
GOLD
Good job with Gold, we had some signals of
weakness, so, we decided to follow the downtrend in case we had a movement under
the previous lows in area 1140, and so we did. We have already closed 2/3 of the
position in profit and we now remain SHORT with 1/3 following the possible
downtrend.
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You can read the previous Newsletters following
this link: http://archive.aweber.com/awlist3900413
Best Regards,
I Am in Wall Street Ltd
Team
e-mail:
info@iaminwallstreet.com
Skype: I Am
in Wall Street
High
Probability Trading Techniques - S&P500, Crude Oil, Gold, Corn, Soybeans,
FOREX, Stocks and S&P/ASX 200
