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EURUSD: Hesitates, Faces Pullback Threats

EURUSD: With the pair now seen threatening a move lower, it looks to extend corrective pullback. On the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. Conversely, support lies at the 1.0800 level

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GOLD: Bullish, Eyes Further Upside Pressure

GOLD: The commodity closed higher the past week leaving risk of more strength on the cards. But we may a correction lower occurring. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here

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Why Successful Trading is Ultimately A Numbers Game

In last week’s article, I wrote that one of the golden rules of trading is to cut losses short, and let profits run. The reason this rule is tried and true (if one wants to be successful in trading) is simply because the lack of adherence to this basic tenet is just bad math. A trader needs to understand that ultimately, trading is

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GOLD: Bullish, Risk Remains Higher On Further Strength

GOLD: The commodity looks to recover further higher. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here if seen could trigger further downside pressure targeting the 1,210.00 level. Conversely, resistance resides at

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CRUDE OIL: Weakens, Extends Bear Pressure

CRUDE OIL: The commodity extend its Tuesday losses on Wednesday opening the door for more declines. On the downside, support resides at the 47.00 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.00 level. Further down, support resides at the 44.00 level. Its daily RSI is bearish and pointing

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EURUSD: Bullish, Threatens Further Upside Pressure

EURUSD: With the pair rallying back above its key resistance, further bullishness is likely. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is bullish and pointing higher suggesting

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EURUSD: Rallies, Looks To Extend Strength

EURUSD: The pair rallied strongly to reverse its two-day losses on Wednesday. On the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Conversely, support lies at the 1.0650 level where a violation will

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CRUDE OIL: Prints Rejection Candle, Targets Recovery Higher

CRUDE OIL: The commodity halted its weakness to close on a rejection candle on Tuesday. On the downside, support resides at the 48.00 level where a break will expose the 47.00 level. A cut through here will set the stage for a run at the 46.00 level. Further down, support resides at the 45.00 level. On the upside, resistance resides at the 49.00

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