As we wrote in the previous alerts, there will be no regular trading alerts until Thursday, but we will keep you informed, if something urgent happens. This was the case already this week, as crude oil soared sharply due to the surprising news regarding cutting oil production. Consequently crude oil price moved to our stop-loss order and the trading position was closed. It appears it was one of the times that the unlikely happened and we're seeing a correction in our profits. Well, it's never pleasant to report such news, but that's exactly how trading works - we can only analyze and estimate what's likely to happen, but one can never be 100% certain that a given scenario will really take place. Consequently, every now and then, even with the best analysis, there will be a temporary decreases in profits. As always, we will be looking for favorable risk to reward situations that are likely to further increase your profits from the previous trades. At this time, the risk to reward ratio doesn't seem to support any position - today's breakout is far from being confirmed, but it was enough to invalidate the bearish outlook in the short term. Again, we'll keep you updated.

Thank you.

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

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