WTI Crude November future. Last session low & high for the November contract: 6900 - 7103 (To compare the spread with the contract that you trade).
WTI Crude made a high for the day again at resistance at 7090/7130 as expected, after we made a low for the day exactly at support at 6900/6860 as predicted. Trade the range from 6900/6860 up to 7090/7130 again today. If we can get back above 7160 this could trigger a recovery to 7190/7210 & 7240/50. A break below 6830 targets 6750/30. A break below 6690 risks a slide to 6650/30.
Gold hit my next target in the bull trend of 2734/36. Yesterday in my Telegram group I wrote:
''Just be aware that in Gold we meet a 6 week ascending trend line plus a Fibonacci extension at 2734/38...so a high for the morning is likely If you are feeling lucky & you want to try a short here place a stop above 2743.
2720 would be a good target for profit taking & offers a good risk vs reward.''
I also wrote: ''If you take a profit at 2734/38 you could try to buy back in around 2720/2715.''
My subscribers who took profit on our longs at 2734/38 caught the high for the day as we collapsed from a new all time high at 2740.
Those subscribers who also shorted at 2734/38, the short worked perfectly as we reversed to my target & buying opportunity at 2720/15. We saw a low for the day almost exactly here at 2714. The longs worked perfectly as we then shot higher over night to my target at 2734/38.