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Crude Oil is bullish, but two key levels of resistance are telling us that the most reliable buying opportunities will likely come after a pullback into the ‘battle zone’ tomorrow.
E-Mini S&P is bullish, and a new spike & channel tells us exactly where to be looking for the most reliable buying opportunities tomorrow.
Gold is bullish, but a recent ‘trap low’ tells us that it’s likely too late to buy now, and the best trading opportunities will be coming back at support levels waiting below.
Euro is bullish, trying to re-test the high, but a key level of resistance is standing in the way, and the ‘No Trade Zone’ lurking overhead may have the buyers waiting for a deeper pullback tomorrow.
FDAX is bullish and today’s trading-range tells us where the most reliable trading opportunities will be, and where the target is for tomorrow.
Crude Oil is bullish and trading at ‘Double-Up’ resistance this evening after today’s inventory report sent prices racing higher. This multi-tiered channel tells us that it would wise to wait for a pullback to the low of the channel, but the strength in this market today tells us that we may only get a trap below the 52.20 before a re-test of the high. The big variable will be this resistance trend-line coming down overhead.
E-Mini S&P is bullish and trading at the measured-move and Double-Up resistance levels this evening, which tells us that we’re better off waiting for price to pull back to support levels below, or show us strength and push through to new highs tomorrow.
Gold is bullish and trying to re-test the high, but the Double-Up and a resistance trend-line are standing in the way. Gold went on a wild ride this morning, overshot the high of a channel, pulled back to ‘trap low’ and then shot back up to this resistance trend-line. If you missed the last deep pullback, it’s too late to buy now, which means the most reliable buying opportunity will come down near the low of the channel tomorrow.
Euro is bullish and trying to re-test the highs from earlier this morning, but a resistance trend-line is in the way, telling the buyers to look for a breakout-pullback as long as they can avoid buying into the high.
FDAX is bullish and trying to finish off the ‘pendulum swing’ as price broke out of the trading-range and is now swinging back in the opposite direction. We don’t want to trade the middle of the range, so we’re looking for traps and failures below the range low, or wait for a successful breakout-pullback above the range high for a target going up to re-test yesterday’s high and complete the ‘pendulum swing’.
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