Crowtrader

Crowtrader

Oil: There is a pattern forming on the upward spike on the daily graph. The market touched the 49 area, which is what we said a few days ago.

Crowtrader

Today there's the FED meeting, which could take gold for a move. The first support line is at 1268-1270. Resistance is at 1280. If the market breaks the triangle, then it can drop to 1240-1250. If the market goes above 1280 today, then it can continue to 1301. It's all depending on the FED's protocol meeting.

Crowtrader

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