Hi,
Welcome to the Weekly Newsletter
from "I Am in Wall Street Ltd"
June the 8th, 2015
WHEAT
You have already reveived the US Dollar forecast and, as you can see, it is suggesting a general pullback. We are waiting for this movement and it should support our view about other important Markets, like commodities, that have been affected my the strenght of the USD.
Today we have a look at one new Market we are introducing in our Report Service: Wheat. We think there is a good opportunity for a new uptrend in this Market, even if it can remain sideways for a while. This simple chart shows something important: |
Working with
grains means often working with horizontal prices, and here we have an example. Because of many factors, we see Wheat being in a very good position in terms of a risk/reward. We published this Chart a few weeks ago, I let you have a look to Wheat, ours was not a bad call!
S&P500
The S&P500 is one of the most important Markets we trade with our Report Service. We only want to share with you a simple fact: why are we sorrounded by people calling a crash since 2012? Every week we can see
someone saying: a sharp decline is natural now... we are close to a new crash... the Stock Market cannot sustain this uptrend for any longer... But you see, now is 2015, and the S&P500 is still up! Why we cannot think right in the opposite way people do: the trend is evidently up, let's follow it, not fighting it! Even if our forecast is not expecting any crash NOW, we have precise prices that help us to understand when the uptrend will be over. In 2015, so far, 80% or our trades have been LONG positions:
Do you really want to keep fighting the trend? As Long as the S&P500 remains above 2029 points, we will not be SHORT for sure, unless our time and price target
will be reached.
Best Regards Daniele Prandelli
Skype:
I Am in Wall Street High Probability Trading Techniques - S&P500, Crude Oil, Gold, Corn, Soybeans, FOREX, Stocks and S&P/ASX
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DISCLAIMER
It should not be assumed that the methods, techniques, strategies or indicators presented by e-mail, e-book, blog or files will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented in here
will be successful for you. Past results are not necessarily indicative of future performance. The examples presented here are for educational purposes only. The data used is believed to be from reliable sources but cannot be guaranteed. The methods presented are not solicitations of any order to buy or sell. The author, publisher, and all affiliates assume no responsibility for your trading results, and will not be liable for any loss, damage or liability directly or indirectly caused by the
usage of this material. There is considerable risk of loss in Futures, Stock and Options trading. You should only use risk capital in all such endeavours.
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