The WTI Crude Oil market had a very positive session on Monday, gaining over 5%. We believe in shorting the natural gas over being involved in the WTI Crude Oil market.
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The EUR/USD pair initially tried to rally during the course of the day on Monday, but turned right back around to show a very negative candle. The GBP/USD pair fell during the day on Monday, as the 1.45 level looks to be very resistive.
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The USD/JPY pair broke higher during the course of the day on Monday, as it looks like the 111 level is going to continue to offer support. The AUD/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star.
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Gold prices slipped for a third straight session and settled at $1243.60 per ounce, losing $11.77, as strength in equities markets and a rebound in the dollar sapped demand for the metal.
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The S&P 500 initially rose during the course of the Friday session, but pulled back a little bit as we continue to struggle. NASDAQ 100 went back and forth during the day on Friday, essentially settling on a very neutral candle.
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The WTI Crude Oil market initially tried to rally during the course of the session on Friday but found the area close to the $41 level to be far too much. The natural gas markets fell during the course of the day on Friday, showing signs of resistance yet again.
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The EUR/USD pair pulled back during the course of the session on Friday, showing the 1.13 level as being overly exhaustive. The GBP/USD pair went back and forth during the course of the session on Friday, and ended up forming a massive neutral candle.
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The USD/JPY pair initially tried to rally during the course of the day on Friday, bouncing off of the 111 level below that offered quite a bit of support. The AUD/USD pair fell during the course of the session on Friday.
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