June 20, 2016
- in Uncategorized by schooloftrade
4 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 06/20/16
“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” –Maria Robinson
Notes for Tonight’s Newsletter:
Markets are re-balancing after last week’s Quadruple Witching and we’re seeing some great opportunities for Tuesday’s trading session; Crude Oil, S&P and Gold are bullish while the Euro is bearish ahead of the ‘Brexit’ vote on Wednesday.
Crude Oil is bullish and trading inside a wedge this evening which tells the buyers to look for opportunities below prior support levels on the way up to the target at 50.08 tomorrow.
E-mini S&P is bullish and gunning for today’s highs after the sellers missed their target by only 1-point this afternoon and a recent spike higher tells the buyers to look for the next pullback for symmetrical 2nd leg higher in the short-term tomorrow.
Gold is bullish after a sloppy start to the week and a ‘crown reversal’ followed by a bullish spike & channel tells the buyers to look for opportunities in the ‘correction zone’ with a target back at today’s high.
Euro is bearish and rotating inside a channel and possible wedge this evening which tells the sellers to look for the most reliable opportunities up at resistance levels overhead with a target at the overnight gap and round-number below.
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