Gold, Silver, Oil, Interest rates – Saddle up and ride!!!
The plethora of opportunities
available in the market right now for trading non-equity based futures is
astounding. Oil, gold, silver, interest rates, and the US Dollar
Index all sit at critical inflection points.
Let’s start with oil, which on a weekly chart has pulled back
to it’s rising trend line that has served as the axis of its rally over the past
few years. Oil hit its rising trend line on November 11, and has used that for a
modest rally. Commodities like oil that have trended strongly are very cognizant
of these trend lines and traders should be aware as well, being that they
provide great spots to play for reactions and enter extremely well-defined
risk-to-reward trades.
Read More