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June 11, 2015

Day Trading Spike & Channel and Flag Patterns | Day Trading Crude Oil, Gold, E-mini & Euro Futures 06/11/15

“I don’t care how much power, brilliance or energy you have, if you
don’t harness it and focus it on a specific target, and hold it there you’re
never going to accomplish as much as your ability warrants.” –THE Zig
Ziglar 
Notes for Tonight’s Newsletter:
Crude
Oil
is bearish in the short-term and bullish in the long-term
with the short-term target back at $60
before the buyers start looking again.

E-mini
S&P
is bullish but trading at the highs of the bear-channel,
which means sellers are going to
make it hard to push higher… watch for the bull-flag
or spike & channel on Friday.

Gold
is bearish and coming off the channel-highs
; sellers are looking for retracements down to 1162.7
and buyers are looking for resistance levels to fail for a re-test of 1191.3.

Euro
is bullish; Buyers are looking for pullbacks
and sellers are looking for
opportunities where support levels fail.

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