Wednesday, May 27, 2015

Thursday’s Newsletter | Crude Oil, Gold, E-mini & Euro Futures 05/27/15



 “Yesterday is not ours to recover, but tomorrow is ours to win or lose.”

Notes for Tonight’s Newsletter:
Crude Oil is bearish ahead of tomorrow’s Inventory Report, Euro and Gold are bearish and oversold, and E-Mini S&P shot like a rocket off the channel-lows so we are looking to buy the pullbacks tomorrow… are you ready for Thursday?

Crude Oil is bearish ahead of tomorrow's inventory report and sellers are looking for opportunities to get short off channel-highs and resistance levels overhead.

Gold is bearish and trading inside a range at the channel-lows.  Sellers will be waiting for the best trades short off the channel-highs and buyers have a small window of opportunity if we can get up off these lows on Thursday.

Euro is bearish and coming off channel-lows.  Sellers will stay patient to sell the highs of the channel and buyers have some short-term opportunities back to the highs.

E-Mini S&P is bullish after today's rebound off the channel-overshoot but this evening we are overbought so we need to stay patient for a deep pullback to support levels to keep buying this bullish-trend.


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