WE’VE SEEN THIS PRICE PATTERN BEFORE! Let’s trade it!
The steep drop in many commodity market sectors could be nearing an end as a little less volatility in financial markets, a more positive tilt to the Chinese and Indian economies and less safe-haven investing could leave the US economy in good shape going forward.
We pinpointed the trendline break last week on the 13th and it turned out to be a great trade!
(refer to that email to see the initial set-up if needed)
Well done to those who participated! Up roughly 150 points depending on your entry, let’s reward the market and move the stops!!…(or look to exit if satisfied or sell a call at the very least)
We had 3 ideas this week and they all centered around the Trendline Break.
June US DOLLAR
So I wanted to send out this video on each of the 3 trades and update them.
Just last week on Thursday 1/26, we pinpointed getting SHORT this market if we broke below 2140
…market settled today at 2063 Let’s make some adjustments!
Recent US economic data has shown some signs of improvement, with industrial production, housing starts and jobless claims all indicating positive progression.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
If you got involved in this Formation Finder opportunity this week, great job!
There is a trade opportunity based on a potential M.E.T. breakout in the Cocoa futures.
The shocking election results on Tuesday caused a harsh, knee-jerk reaction in many financial and commodity markets.