The US Dollar index, weekly, is a clear indication of the decision point in world currency markets:
Does it overcome important resistance overhead, or drop to hit the recent lows, potentially failing a test there and completing the rest of the measured move to sub-80 levels.
Gold futures, showing our entry in the sector last week, and another opportunity today after a pause following a trendline breakout:
(Our gold swing trade picks are up 5, 7.6, and > 10% since)
Nasdaq 100, S&P 500, Dow 30 Futures, showing near by resistance overhead and initial targets IF resistance is broken and becomes new support:
Note that price has been trading in a relatively tight range now for a number of days:
The lows of these trading ranges are now the most important level of support, and if price begins to trade and trend below these levels, the intermediate trend will have changed from up to down, until proven otherwise.
Crude, confounding so many, after making 45 the new major level of support may now have made 46.50, perhaps even 48 dollars, the new level of support – more than 10$ above what most analysts have been predicting for months:
05.02.17 10:17 #