Looking at base building by Hong Kong listed stock PCCW and Singapore listed Wilmar. Both demonstrate multiple-year supports and positive price action. Illustration with 3M charts.
Archer-Daniel-Midlands is an agriculture (commodities) giant. Is this trend line correct? What is the chance of a commodity boom in 2018 with a positive performance year-to-date and new high of year in April? Pinned here for future reference.
Copper, DAX30 and FT100 show different but compelling potential bearish reversal setups. DAX30 and FT100 are loss leaders among major stock indices. Copper prices on the other hand has a positive correlation with stock indices so bearish setups in these three should be treated as confluent signals.
A well-designed CFD trading plan has all the elements that mitigate risk and impart robustness to the portfolio. Defining the time frame, selecting the trade, choosing the time to enter, and exiting the trade are the crucial elements of a trading plan.
Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Pairs are USDJPY, XAUUSD, NZDUSD, EURUSD, AUDUSD, USDSGD, USDCHF and USDCNH. Charts from MT4.