December 22: Monday Outlook

• Crude Oil – big price spread between January & February crude oil contracts – what does this tell us?

• Eurostoxx – Weekly & Daily trends still down – AB=CD pattern price target – where is resistance here? Potential Dragon pattern also.

• Yen Forex – Big uptrend since November, watch this chart for pulling back into the buy zone for potential setup.

• Gold – OKC pattern trade idea. Look for shorts when price reaches the sell zone.

• Euro Forex – Another OKC pattern with Euro pulling back towards the buy zone. Scenarios for this week and how to play them.

• ES – Narrow range week just gone shows hesitation, we’re watching for a break of the inside candle. Look for price moving into the sell zone.