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December 16th 2019 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market

The positions below represent the institutional positions held as of December 10th 2019!

📊 In the Markets: This past week we saw some interest rate releases which presented us with some good movement on the charts. We saw the #dollar drop right through the weekly demand zone that we’ve been watching but the drop came with an immediate rally back upwards. This has caused a major wick to be produced on the chart which presents to us a situation where the demand zone is not officially taken out. In our classroom sessions in level two and discussed only briefly in level one, we have examined how these wicks can signify that the levels that have been removed by their creation, are actually still holding. With this said, we should note that the weekly demand is still intact unless we see more properly

formed candles penetrate it.

When we examine the other charts we can see similar move have taken place on the weekly charts. Even the very strong #gbpusd has produced something similar but in this case the strong move lower came as a result of the weekly supply zone coming into contact. Something to take particular note of is the #usdjpy because as the #dollar dropped we can see that this chart held itself very well. Why is this? We’ve talked about it in some of the sessions we done with students and it’s mainly because of the higher timeframe forces pushing price upwards.

With respect to the positioning, we can see that many pairs have had overall exposure reduced from aggressiveness. This is a good thing because if we want there to be momentum coming back into the markets, we need the institutions to re-engage them through buying or selling and this can’t happen if they are already full invested.

We’ll be monitoring the markets to see if last week’s momentum continues.

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