Gold is starting to shine again: Market Pulse

U Posted by d Comments Off on Gold is starting to shine again: Market Pulse

S&P Futures are now trading within a 4-day price range here. I am continuing to watch for dip buying opportunities. I see daytrade opportunities at the lows of the current range at 2824 and then swing-interest down between 2800 and 2765.

Gold Future bulls are making a second run up at that 1365 level, I believe that conviction over that mark will likely lead to a continued breakout. I am eyeing 1400 as a next target here. Initial support needs to hold at 1340 for this outlook to remain intact.

Crude Oil Futures established new 52 week highs in yesterday’s trading session, but have begun to top slightly here. The trend is now strongly bullish, so pullbacks within the primary trend should be viewed as long interest. Current support is down in the 64 territory, but I am eyeing long interest between 62 and 60.98.

I am already seeing some decent pre-market movement, which should lead to some decent activity if this price action keeps up after the bell. To see what’s on the radar this morning join us in chat. Not a memnber? Start your trial today!


Comments are closed.