In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, in what is the last report of the year, we take a close look at two of the markets which are giving us better opportunities for the day. In particular, we look at Gold higher and Oil still lower.
We briefly commented on the bearish state of the Global Indices. Of course, if we get a further push lower below yesterday’s low then these markets would also give us some strong trading opportunities. However, we are focused more on two commodity trades.
Firstly, with Gold, a move above yesterday’s high of 1266.50 would give us a great opportunity to push prices higher.
Secondly, looking at the USOil market, a break below 45.40 would give us a high probability opportunity to continue to ride this trend lower, even from these current levels.
This is just about it for the remainder of the year for our Daily Trade Watch. We wish you a very Merry Christmas and we look forward to you joining us again in the new year for what we believe will be an explosive period with some great opportunities.
Gold Higher and Oil Still Lower – Full Video Analysis
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