Learn to trade: http://www.informedtrades.com Key points in this video: 1. High grade copper has almost completed the AB=CD pattern it was in that we discussed several months ago. Those in short positions may wish to observe more closely and consider taking profits. There may be a short-term counter-trend buying opportunity as well as the pattern completes. 2. Crude oil has broken below support of the range it was in. The new trading range is now $38-$49. 3. The US dollar remains above the resistance level it closed above and could be poised for its next leg up. If so, EURUSD could target 1.05, USDCNH may hit resistance at 6.4517, and USDJPY could reach 125. 4. Global equity indices were bullish this week, but remain on shaky ground. Movements in the global bond market, particularly in reaction to the US Federal Reserve rate decision in December, may be the catalyst that determines the next move in the bond market and in turn in stocks. A rate hike could send bonds down and stocks up. 5. Gold is showing reversal candlestick patterns at support at $1080. $1080 to $1145 is a trading range price may oscillate in, although the downtrend remains in tact.
Visibility: 539
Duration: 10m 40s
Rating: 8