Wednesday, November 15, 2017
Friday, August 4, 2017
Silver Futures Outlook
Current Price: 16.235
Outlook: Bearish short term
Reasons for being bearish: 10 Day SMA turning down, below 200 Day SMA, Impending bearish MACD crossover.
Disclosure: Long SLV 15P JAN 2018 @ .50
Crude Oil Outlook
Crude Oil Outlook: Bearish
My reasons for being bearish on Crude Oil
Major resistance at 49.50 with the 200 daily SMA and upper downtrend line.
Impending bearish MACD crossover.
RSI touch overbought and retreated.
Disclaimer: Sold Bear Call Spread 49.50/50 on /CL October with 42 DTE . Credit 1.40
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