Pattern Alert

GOLD…puts in an ORH day with a close over 1740.90, however we feel you would need a close over at least 1743.30 for follow through.

OIL…puts in an ORH day with a close over 97.75. 98.30 ish brings the 50 day Mvg avg into play.

Shorter term Futures Traders should focus on 97.75 with a tight stop to see if the pattern holds.

We have been involved “Long” the Oil names for our longer time frame clientele to avoid the day to day drama of trading the futures.

 

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