First published at 23:36 UTC on June 3rd, 2020.
We have strong trends and some wide ranges on the charts this evening; the Eminis are desperate for a pullback, Crude Oil looks confused after OPEC comments, and the sellers are Boxed-In on Gold, which is a big clue for Thursday morning – are you r…
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We have strong trends and some wide ranges on the charts this evening; the Eminis are desperate for a pullback, Crude Oil looks confused after OPEC comments, and the sellers are Boxed-In on Gold, which is a big clue for Thursday morning – are you ready? Let’s go…
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E-Mini S&P is bullish with four strong legs going higher, but the big clue is the lack of pullbacks in today’s session, which tells me the best setups will likely come after a DEEP pullback off today’s high.
Crude Oil is sideways and looks confused as it rotates back and forth inside a wide range this evening, but the big clue is the strong leg lower before the range, which tells me exactly where to look for the ideal entry tomorrow morning.
Gold is bearish with three legs down today, but the final leg of this move might be the nail in the coffin for the bears because they’re boxed-in just above these lows, and the lack of options they have makes me start looking to get long…
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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