Daily Trading Opportunities - Tuesday, March 28
During the session on Tuesday, we get a handful of announcements coming out of the United States, but most of them are of the mid or low-level variety. With this in mind, we look at the following 3 assets and expect some stability.
WTI Crude Oil
The WTI Crude Oil market continues to slide, as we reach towards the $47 handle. If we can break down below the level, the market should attract more put buyers as it would be a break of support. In the meantime, bounces are possible, but it looks as if we are simply consolidating.
Gold
Gold markets rallied during the day on Monday, slamming into the 1260 region. This is an area that has a significant amount of resistance built in, so short-term pullback could be likely. If we break above the $1265 level, that would be a fresh, new high and should attract plenty of call buying.
Natural Gas
Natural gas markets rose during the Monday session, now looks set to test the $3.15 level. Any type of resistive candle could bring out the put buyers though, as the natural gas markets are facing a serious oversupply issue. In the meantime, looks as if short-term call buyers are running the market.
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