Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.

This is just a quick note to let you know that since Friday was a market holiday in the US` and the markets were closed, everything that we wrote in the most recent alert (based on Thursday's closing prices) remains up-to-date. If you haven't had the chance to read it yet, we encourage you to do so now. You can access it using this link.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

Gold & Silver Trading Alerts
Forex Trading Alerts
Oil Investment Updates
Oil Trading Alerts