Can the euro go higher?

Since the end of March, the euro has been in a steady climb. Is the market now ripe for a change of direction? Using his charting methods as a guide, John C Burford makes his latest trade.

Many commodities fell sharply on Friday, including gold, silver, copper and crude oil.

And that collapse is continuing on Monday morning as I write.

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OPEN INTEREST: 220,353
COMMITMENTS
35,34386,2015,533141,69472,488182,570164,22237,78356,131
CHANGES FROM 04/02/13 (CHANGE IN OPEN INTEREST: -15,518)
-9,116-23,959-482-6,2248,789-15,822-15,652304134
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
16.039.12.564.332.982.974.517.125.5
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 171)
395821444493113Row 8 - Cell 7 Row 8 - Cell 8

John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.