This post was originally published on this site.Crude oil trade idea: A five-entry swing short targets a possible move below $70 Crude oil futures are trading around $79.00, and rather than trying to predict an immediate decline, I am looking at an unusual swing-short setup that casts a wider net across a potential reversal zone. The idea uses five staggered short entries from $79.31 to $81.18, with a stop at $82.27. If all five entries are filled equally, the average short entry would be approximately $80.08. The final downside target is $68.71, giving the fully established position a potential final-target...

This post was originally published on this site.FUNDAMENTAL OVERVIEW   USD: The US dollar weakened across the board on Friday following a softer than expected NFP report, with the headline showing negative payroll growth and average hourly earnings missing forecasts by a notable margin. The data triggered a dovish repricing in interest rate expectations, with the probability of a September rate hike falling to 38%, compared with 54% before the release. Market pricing has normalised since then, with the probability of a September hike rising back to 48%. The reason for this whipsaw in expectations is that there was a...