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Tuesday Morning Briefing
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Tuesday Morning Briefing

Tuesday Morning Briefing

by The MoleMay 5, 2015

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

2015-05-05_crude_briefing

Pretty slow on the setup front this morning. Crude update – I posted this one yesterday and if you took it then you’re in pretty good shape as it just jumped higher. Move your stop to break/even. As you all know I’m still long since near 50 😉

2015-05-05_gold_briefing

Gold – worth a long if it drops back down near 1187.5. We’re building some sideways expanding triangle, so perhaps we’ll get another trip higher to test the 100-day SMA.

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2015-05-05_events

A bit of event risk today right after the NYSE open – non manufacturing PMI numbers for April are due. Also watch out later this evening if you’re holding NZD related pairs.

Cheers,

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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