Welcome to the video update for Thursday, December the 17th. Quick reminder that Friday is roll day in the crude oil market so be sure to move to the February contract by the end of the day session trading day. First chart up is the daily ER chart where Trader Rick shows the common ab=cd […]…
Welcome to the video update for Monday, December the 14th. Don’t forget we have a FOMC meeting announcement at 2:15pm est this coming Wednesday. Trader Rick starts with the weekly gold chart where price is pulling back but not in to the buy zone yet. Support levels are provided in this update. Overhead targets are […]…
Welcome to the video update for Thursday, December the 10th. Trader Rick starts with the ever so volatile gold market where possible support levels are shown. No evidence of divergence on the weekly and price is not in the buy zone. Take a look at the 60 minute gold chart for more pinpoint support levels. […]…
Welcome to the video update for Monday, December the 7th. Remember, the indices roll to the March contract this Thursday. Not much change in the european markets so the first chart up is the gold weekly where prices retreated sharply on Friday. This puts price in the buy zone on the daily chart. If price […]…
Welcome to the video update for Friday, December the 4th. This video focuses on gold and the stock indexes and the first chart up is the gold weekly continuation chart which shows gold continues to accelerate to the upside, trading outside the upper keltner channel, what Trader Rick calls OKC. Note where the 1.618 fib […]…