Gold…1243.20 was the Oct. Unemployment Low. If the sell stops get elected under this low over the next couple of sessions, it would be a good place to look for a bear trap.
Oil…43.44 is today’s 200DMA. A week ago Friday I was looking for this to trade. Like last Friday it’s a good spot for an early bounce, however the later in the day it gets I would have nothing to do with it.
Copper…it’s trying to tag 2.77
USD/CAD…this has a tendency to mirror oil.
Generally speaking many instruments are directional y challenged with
extreme RSI’s. View each instrument on its own merits.
Full Moon Trading is upon us Monday.
