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Notes for Tonight’s Newsletter:
Sellers had their way with the markets on Wednesday, which means it’s time for the buyers to try and take it higher on Thursday.
Will the buyers run it all the way back to the range-highs, or will they fail and give the sellers another opportunity?
Crude Oil is bearish and coming off today's new lows; Smart traders are waiting for the buyers to grab short-term buying opportunities before selling up at the highs of the channel and using the range-expansion levels just below $49.00
Gold is bearish, coming off the lows of the channel; we expect to see profit-taking at these lows, buyers will get short-term opportunities, but wise traders will wait to sell more at resistance levels above.
Russell is bearish ahead of rollover, and setting up for more selling opportunities at the highs of the bear-channel. Smart traders will stay patient for the best price to sell up at the range-expansion highs!
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