I’m tracking a lot of great trading opportunities for tomorrow, and with lots of sideways ranges this week, my focus is trading those failed breakouts… --------------------
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Crude Oil is just below today’s range, which means buyers are looking for this failed breakout to snap back up to the highs ahead of the OPEC announcement tomorrow…
Emini’s ran higher this afternoon, and since we’re so high on this chart, I'm expecting a range up here, and will be looking to buy failed breakouts going lower…
And Gold is still trading sideways within the same range from yesterday, so I'm still looking to pick the bottoms of this range using seller-failures around a key battle-zone we identified in tonight’s newsletter…
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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