Trade Idea: Sell corrective rally in oil at resistance
A rally has been in progress since May 1 last year and this is now approaching a number of decent horizontal resistance points with momentum stalling. We expect this corrective rally to stall and look to set shorts here with a tight stop.
Trade idea: Buy Gold – but only on a break of resistance
Gold has formed a potential inverted Head and Shoulders pattern, highlighted by the hourly chart. A break of the neckline and resistance of 1,400 USD/oz should confirm this short-term trade idea.





