Weekly Review 10 – 15 Sep 2018 (Stock, Gold, Crude Oil markets)

S&P 500 futures continues the uptrend and ends the week at 2911.25, which is not far from the highest high recorded 2 weeks before. Trader who has bullish position should hold on to and allow the market to ride it up to the first fibo extension at around 3000. Trader without position can continue to monitor the market closely.

Screen Shot 2018-09-15 at 5.06.15 PM

Crude oil futures continues to trade sideway between 10 SMA and 50 SMA. My suggestions last week and the week before are still working out beautifully. Option income traders can continue with this strategy until either side is broken decisively.

Screen Shot 2018-09-15 at 5.06.35 PM

Gold futures continues with the downtrend after hitting the 10 weekly SMA. The reward should be pretty handsome if you follow the suggestion last week. My call against gold futures trend is still the same at the time of writing.

Screen Shot 2018-09-15 at 5.06.53 PM

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