Good morning Steemit! The crazy continues - "Paradise Papers" leak & Saudi drama.

• "Paradise Papers" leak. A database named Paradise Papers consisting of a large number of documents originating mostly from 2 leading financial companies connected with tax havens. In the documents one can find the names of about 120 influential people - where they hold and use their money. Among those, Wilbur Ross, US Secretary of Commerce, is linked to the associates of Vladimir Putin. This is one of the biggest stories in US press currently.

  Catch up on the "Paradise Papers" on TheGuardian

• Saudi turmoil continues. In addtion to the princes and high-ranking officials arrested on the weekend, a group of Saudi officials are killed in a helicopter crash, among them prince Mansour Bin Megrin.

  Read the story on BBC

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The economic calendar is light for today in regards of heavy-hitting events. We have a bunch of European Services PMI data coming out during the day and FED's Dudley will be speaking later in the day. Already past us, is BOJ's Kuroda, who promised powerful easing to continue (no surprise there), but none of the Asia moves have sticked so far.

So let's view a few charts

Looking at DAX daily. Hangover period from this massive bullish run. That's the way it is... after a decent rip it usually takes a few days to bore us to death. The 161% fib extension level is a 150 pts above us or so.

DAX intraday - the 30 minute chart is showing us a triangle as a continuation pattern. Look for breakout.

The other instrument i am looking right now is WTI oil. It looks like a breakout, but careful - the daily RSI is quite high, i think we are in danger of a short-term pullback, which could probably be another buy opportunity.

If you look at the CL (wti futs) chart, we have a gap here. Maybe fill it and do a nice pullback?

Alright, let's see what the day brings. Week is just beginning, trade safe everyone!

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