I have switched to April crude oil from march and also have brought P0 down from its previous position to the most recent swing high before P1-P2. The result looks very significant. There is bearish divergence on several indicators and we are bang on the phyc level of 80.00 bucks...worth going short...i am still uneasy but may trade the close as we get nearer?
Re EurGbp i we are again on the UMLP but i am unhappy about going short here with the recent bottom formation.
The $Jpy position from yesterday evening has a healthy profit and its better to stay out of CLJ(?) & EurGbp if in doubt.....tomorrow(Monday) is another day.
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