We’ve enclosed last qtr’s medium term outlook for your reflection.
Wednesday we’ll be publishing a new set of parameters for the 3rd qtr. for current paid subscribers.
It’s an invaluable cheat sheet to keep your head in the game at macro levels.
Commodities…
OIL…104.70 is the next measured support.
Brent…112.50 is mvg avg support. 111.74 is fib support that lines up with the WTI level.
Gold…is flirting with the monthly ORH level of 1315.80.
Price action below 1312 could lead to profit taking.
General Comments or Valuable Insight
The only thing that matters today is the close and the price action going into early U.S. trading tomorrow.
This should set the tone for the rest of this short holiday week.
There is nothing left to say about this qtr.
The best opportunity for day traders, looking for flow, will likley be very early or very late in the day.
Opening Range Time Frame Trading again today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.
Current Positions….
Short Euro 136.31 136.85 GTC 133.70
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Today’s Working Orders
BUY Euro @ 133.75 OCO 136.85 Stop GTC ( Good Until Canceled)