5 ways to profit from fomc | schooloftrade newsletter 07/29/14
DESCRIPTION
Today’s Newsletter: • Last Night: Selling short on Crude Oil & Gold • Markets Today: Gold and Crude Oil push lower, Mini-Russell retraces into sell-zone • News for Tomorrow: FOMC Announcement & GDP Q2 • Trading Opportunities: Selling Gold, Mini-Russell, and Crude Oil Notes for Tonight’s Newsletter: Misc: • End-of-month volatility picks up ahead of end of July • Markets volatile on Tuesday as earnings shake e-mini’s • EU announces fresh sanctions against Russia • Russia & Ukraine continue to taunt each other • Contract Rollover on Gold 12/14 Contract coming 07/31 • Red-Star News in Europe Wed @ 5:00am EST • FOMC Announcement Wed @ 2:00pm EST • Crude Oil Inventories Wed @ 10:30am EST Gold: • We called the SHORT last night on our Newsletter • Gold falling ahead of Tomorrow’s FOMC Report • Contract Rollover to 12/14 contract on 07/31 • Selling opportunities at this time on Gold 08/14 • Next profit-targets: 1292.8, 1287.5, 1285.2, 1280.9 Crude Oil: • We called the SHORT last night on our Newsletter • Crude Oil pushes lower today, resting @ $101/barrel • Trading sideways this evening • Targeting $100/barrel psychological ‘big-round-number’ ahead of FOMC • Profit-targets below: 100.37, 100.00, 99.56 Mini-Russell: • Reacting to earnings reports today and the rest of the week. • Price-action pushed higher today, perfect sell-zone @ 1144.4 • Short term trading sideways, looking for new lower-lows to sell short • Profit-targets below: 1130.3, 1127.1, 1123.8TRANSCRIPT
