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Notes for Tonight’s Newsletter:
Markets are recovering from the time-change this weekend and setting up more trading opportunities for Tuesday… are you ready for this?
Crude Oil is bearish, and sitting on the round-number at $50/barrel. Volume says we should go lower, and the recent bear-channel-break says we should re-test the range-lows at 48.92 before going higher again.
Gold is bearish after the collapse on Friday, and we want to follow the trend lower but we see BIG CLUES in the volume and candlesticks that tell us this price is most likely going to go higher before it goes lower.
Russell is bearish in the long-term and sluggishly-bullish in the short-term. Volume doesn’t confirm much as we go higher, so our plan is to stay patient and look for selling opportunities at the resistance levels overhead.
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