wedge-trading for wednesday | schooloftrade newsletter 11/04/14
DESCRIPTION
We’re expecting to see a range-bound market on Gold, Crude Oil, and possibly the Mini-Russell on Wednesday, which means EASY MONEY for those who know how to trade it! Are you ready? Crude Oil is ‘consolidating’ at new lows this evening after a $2.00 drop on Tuesday, and we expect this to continue into Wednesday’s trading session ahead of Inventory news. Don’t trade Crude Oil until you check out our levels! Gold is giving us EASY profit this week because this ‘range-bound market’ is so darn easy to identify on the chart… so make sure you have your levels ready for Wednesday because this will likely continue through Friday! Mini-Russell is right where the buyers need it… so tomorrow we expect to see those buyers TRY to push this price higher… but watch closely if they FAIL because we have ANOTHER level just below it… do you know where it will be?TRANSCRIPT
