Silver been leading the way past few weeks. China trade war is main focus. Both were overbought on the short term as today's action proved, however, gold can go down to $1500 and still maintain daily bullish posture.
In today's blog I am sharing a technical resource that i use and I personally like called Artac Advisory service. We offer a free trial along with tomorrow's numbers on our blog.
Trading Education Video along with support and resistance levels for tomorrow:
This video will introduce you to the added advantage of using “Close Only” trend lines.
You can find them under “Line Chart” when selecting “Chart Style” on most platforms.
Crude Oil numbers tomorrow at 9:30 AM CDT. Trading levels for Crude along with other markets are now available. Also check out some of our automated crude oil day trading systems.
Alcoa Inc. is scheduled to unofficially kick off the third-quarter earnings reporting season, when it releases results before Tomorrows open! Trading levels for e-mini indices, bonds, crude, gold and more are available .
Great advice and well said. I have seen and observed thousands of traders and will be happy to provide any specific feedback but the bottom line is each trader is a different entity in so many ways....
Crude is affected by the us$ and longer term price movements are influenced by that, supply and demand but there are so many other factors going into ( day) trading crude oil futures. I wrote a short article about it that may provide some ideas...
Are the Lows in for the Grain Markets?
A USDA report was published this past Friday and it seems that once the information was digested by traders, there might be room for a potential rally in grain markets. Read More.....