Looking Good in the Tariff Dispute Arena

The DAX has a bullish moving average crossover underway and looks like it will keep headed upwards to push though the 12332 resistance zone. This will reinforce confidence and make New York’s work easier. We are long the index looking to take some profits out at the 12305, 12340 levels with protective stops at 12203 – 12160. These trades are for the very short term only. This clutching on to current prices without falling has not been going on long enough to take positions out too far. Hourly end of day maximum.

For the fourth time since August Gold has attempted and failed to get above the 1356 price. It ain’t doing it. As its pride in dollars slides down, the value of the South African rand tends to inversely follow suit. We are long the USD ZAR for hour and end of day positons with our profit target at between 12.025 and 12.034 and stops between 11.998 and 11.981. Market stabilizing, Gold falling, Rand weakening. All of a piece. USDZAR UP.