Welcome to the video update for Friday. Remember, roll to the September contract if you trade the stock index futures or the currencies. In this short video update, Trader Rick goes over the Gold daily chart. With 4 doji in a row this week expect price to breakout of the current trading range. Does the upside have the bias? Will gold reach $1000?
In crude, price continues higher with the .382 fib not far away. Momentum is strong as price on the weekly chart trades OKC. What does the monthly chart show for crude?
Trader Rick takes a look at the weekly Dow chart. Using the MACD indicator see what type of divergence may influence price in the weeks ahead.
In the ES we are looking at 5 days in a row of doji! Price is in balance and not trending but price won’t stay in balance for long.
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