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Notes for Tonight’s Newsletter:
|Crude Oil 1|
We have plenty of trading opportunities waiting for us on Thursday; Crude Oil is setting-up for a rally off $60, while Gold and Euro are way over-bought and looking for a pullback… are you ready?
|Crude Oil 2|
Crude Oil is bearish this evening after price collapsed for the 2nd week in a row after a bullish inventory report! We have some big support levels to watch for tomorrow so be ready for buyers to start bargain-hunting around $60!
Gold is bullish but over-bought this evening after a monster of a trading session today. Buyers need to be patient to wait for a deeper pullback to the support levels below, while the sellers will be looking for buyer-failure to get short off these highs.
Euro is bullish this evening but over-bought at the completion of the measured-move, which means our plan for tomorrow is to look for short-term selling and long-term buying opportunities using the channel-lows.
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