“Courage is not the absence of fear, but rather the judgment that something else is more important than fear.”
Notes for Tonight’s Newsletter:
We have some great trading opportunities heading into the Memorial Day Weekend; We are looking to sell Crude Oil and Euro and buy Gold on Friday… are you ready for these?
Crude Oil is bullish in the short-term and trading inside a range after breaking the highs of the long-term bear-channel; Sellers will be trying to send this market back to re-test the $58.00 lows, and the buyers will be trying to push up to targets above.
Gold is long-term bullish and short-term bearish; our plan is to look for selling-opportunities down to the measured-move-support, followed with buying-opportunities up off the channel-lows. We have a trading range to work with that will give us areas of interest in both directions.
Euro is bearish after a failed-breakout at the highs of the trading-range; our plan is to look for selling opportunities at resistance levels down to the support levels listed below.
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