USO/Crude futures also look similar to opening indications, maybe a bit more extreme at least on the futures side. GLD opening indications on the 1 and 2 min charts are not confirming.
USO 1 min confirmation on the open.
USO 2 min failed to do the same.
Crude 1 min futures negative
GLD 1 min failed to confirm
As did the 2 min which is now leading negative
This is why early trade is often unreliable as there are a lot of games being played with overnight/pre-market orders.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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