In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss that there’s limited opportunities but potential in commodities.
As we look across the markets currently, we have seen most markets consolidate, drift sideways and provide very little clarity on direction. This, of course, makes trading very difficult for traders. We do prefer our trades to be singing from the roof-tops for us to get into them. Unfortunately, at the moment, we are not really getting a whisper.
The only markets which could give us higher probability opportunities in the last day of the trading month is the Gold market above 1289 and below 56.20 in the USOil market.
Limited Opportunities but Potential in Commodities – Full Video Analysis
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June 13, 2019The political battle between Iran and Saudi Arabia is “about power as much as economics and therefore hard to predict,” said Vic Sperandeo, president and chief executive officer of EAM Partners, which is known for the Trader Vic Index, a long-short algorithm that has a commodities focus. “Most likely, any agreement will try to look positive, but will have very limited production cuts.”