“Knowing is not enough; we must apply our knowledge. Willing is not enough; we must take action to see results!”
Notes for Tonight’s Newsletter:
Crude Oil pushed all the way to the highs of the range today, setting up for opportunities to sell the highs, and Gold has some very important CLUES as it pushes lower inside a bear-channel… are you ready for this?
Crude Oil has been trading in a triangle formation this week and today we tested the highs of the range so we expect to see prices come back down. In addition we have a BIG CLUE from the channel-undershoot on the price-action chart telling us to expect the sellers to take control from here.
Gold is bearish this evening after testing the highs of a long-term bear-channel, and we expect price to try to push lower from here... but we have some very interesting clues that tell us this price might try to go higher before it goes lower on Wednesday!
They don’t call it price-action for nothing...tomorrow should be an interesting tax-day here in the financial markets!
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