My pick: Sell FTSE 100 at 5,300
Expertise: Technical analysis
Average time frame of trades: 5-10 days
The market has been very well supported on dips below 5,000 with the latest bounce now likely to open up additional gains back towards the recent range highs of 5,260 over the coming sessions. However, any additional gains beyond 5,260 are limited and we would look for a top-side failure and bearish resumption back towards 4,900 into the end of the week. I have a target of 4,950 and place a stop at 5,450.
My pick: Sell silver below $17.25; long Dow above 10,250; sell dollar-Swiss franc below SFr 1.1400
Expertise: Fundamental and technical analysis with risk management Average time frame of trades: 1 day-1 week
A rebound in risk appetite has solidified and knocked out my Ibex short. My silver short below $17.25 has yet to trigger and the commodity has moved little. The potential for a strong shift in sentiment is high. Setting up for an opportunity from a surge in risk appetite would play well with a technical break of 10,250 for the Dow (10,050 with a stop) and SFr1.14 for dollar-Swiss franc (SFr1.1575 stop) and wait for momentum before I decide the targets.
My pick: Remain short crude oil
Expertise: Global macro, classic technical analysis
Average time frame of trades: 1 week-6 months
I sold oil at $76.29 and trailed my stop-loss to break even. Prices have rebounded but they now face a key barrier at $75.75. This is the intersection of the 38.2 per cent Fibonacci retracement from the 6 April-18 May sell-off and support-turned-resistance at a rising trend line that connects major swing lows from September 2009. A dark cloud covers a bearish candlestick pattern, which has formed below this level, hinting at further downward momentum.