Mon 06/22/2026 Preferred “futures only” trade thoughts
- From PB # 1
- For this week, in the economic calendar we continue with Manufacturing data and then PCE on Thu ahead of the open followed by revisions to UoM’s consumer sentiment numbers on Friday. The push lower with index futures after the stalling “war stoppage” talks, found support just below the Fibonacci support price point of 7514 which is expected to hold into the day session. The target for this upside move despite the fact that we are trading below Thursday’s settlement, is 7607.50, and therefore remains a preferred trade alongside the NQ which has Fibonacci support in range between 30578~30652.
- GC has resistance at 4269~4305 but a bit of continuation higher into that resistance is a definite possibility and therefore a preferred idea.
- For WTI Crude we are in opposing moves so avoid trading this instrument today.
- Intraday measurement Fibonacci measurement anchors for all instruments in playbook # 1 are annotated below:
- From PB # 2
- I continue to like the upside in the USD/CHF, USD/JPY, USD/CAD and continued steps backwards in the EUR/USD GBP/USD, AUD/USD. Trading the associated currencies off the CME book is suggested.
- From PB # 3
- Note Soybeans roll to November’26 and Oats to Dec’26. Except for September Corn and Wheat, I remain subdued in any enthusiasm with the agri sector for today.
- Secondary metals in PB # 3 consisting of Palladium, Copper and Platinum are all looking somewhat weak and therefore the measurements of the playbook should be followed.
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