Kali & Salz Heading Towards A Major Break-out

Kali&Salz (SDF) has been trading in a triangle for almost 18 month. Today, the stock is rising sharply, accompanied by good momentum and breaking the triangle resistance at EUR 44.2. A confirmation of the break-out will take place at EUR 46. Soft-commodities are once again on a strong note this morning, supporting this morning’s rise in K&S.

Trading The USD Ahead Of The FED Meeting

The USD starts the week with a fall towards crucial supports. With the FED meeting ahead, traders do not believe that the US currency will get a lot of help from that meeting. The important support to watch this week is the 79.56 level. Once we break that level, a new clear new sell signal will emerge, which could spark another round of buying in the commodity space.

DXY P&F: Will give a sell signal @ 79.56