The week of Aug. 6 presents the start of a massive crude oil price move. It also offers weekly and monthly trending pivots in the Japanese yen, near weekly-chart lows. The Eurodollar has higher monthly pivots overlapping last month’s pivots, forming a range break setup in trending pivot math for the next four weeks and on the monthly camarilla low-reversal pivots. Additional Euro supports include the monthly 20-period and 50-period moving averages.
From:: Resource Investor