FMG buy trades
NEU buy trade
Bit sloppy from me today with a late entry after the open this morning as I took long on FMG after it bounced off the low 18's held it into the dip after under estimating the news of the CEO stepping down. Took an L with an exit at 17.89 and went in again long at 17.92 still holding this position with the stop at 17.70. NEU was well supported at 3.70 went long at 3.74 and left it to try and break over 4.00 which happened but didn't last long getting out at 3.76 and will revisit a long here back in the 3.70's next week. On reflection holding this over the weekend would of been ok but kept my focus on FMG into the close, inflation data is out tonight for the US with ideally higher inflation being priced in unless it comes out much higher than expected with the figures below in focus:
CPI m/m data will be released later tomorrow morning at 00:30 (Sydney time) CPI m/m (Forecast: 0.7%, Previous: 0.9%) CPI m/m (Forecast: 0.5%, Previous: 0.6%)
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