June 10th 2019 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market
The positions below represent the institutional positions held as of June 4th 2019!
📊 In the Markets: There is something brewing in the markets recently and the stench is getting more obvious as time unfolds. When we examine the data alongside the charts of the major pairs we can see that there is a real possibility for the retracement we are expecting to extend further than what we experienced this past week. When we look at the #dollar pairs we have noticed profit taking on well over extended long positions and when you combine it with what we see on the charts, there is room for the retracement to extend into the next couple weeks. The market dynamics are certainly shifting and because we are in a profit taking phase it makes it that much more difficult to determine precise locations price will retrace to.
How do we deal with such uncertainties? Well we look for evidence among all the other charts to determine if there are zones that price will likely gravitate towards based on their supply and demand dynamics. I have done this over the last couple weeks and this weekend I spent even more time examining the charts deeper to extract a much information as I can and I have come to some conclusions.
When we look at the #audusd, #gbpusd and #usdjpy for instance, we can see that the institutions have shown their cards with respect to the paths they are taking price. They have clearly removed zones and have cleared the path for larger moves that we expect will come. The $usdjpy is set to drop even further, whereas the $audusd and $gbpusd, among many others, are set to rally to their respective supply zones. This whole shift in the dynamics playing out on the grand scheme of the markets was spotted months ago and I alluded to it at the time and as time plays out and the #CFTC data becomes more clear along with the zones being removed on the charts, we can now see a clearer picture being formed.
There are still some question marks in regards to some of the pairs but we’ll need to focus on the charts that are clear and let them be the guides for what to expect from the markets as a whole. Read the full report for a more detailed explanation of what we can expect from price in the weeks to come.
🎩 Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
👇📺🚨 Here was last weeks video provided to members 🚨📺👇