Commodity Market Outlook and Stock Market Outlook: Here are this week’s most important key days and levels for timing and trading opportunities. Over the weekend on Sunday, Venus is inconjunct Pluto. On Wednesday, Mercury trines Uranus. The fomc also make another announcement on this key day. The next strong and very significant turn period is just around the corner early next week on Aug. 1st or 2nd. Stay tuned. This week’s key reversal days or turning points are likely to be on Monday and Wednesday.
Commentary for Emini trading: Key planetary support is now at 2162 – 2158, (previous resistance), to hold for the advance to continue. Key planetary resistance is now at 2174 to break for the next buy signal to higher planetary levels. If the advance continues, another top is likely to complete at the end of the week or early next week. Get prepared for another trend change most probably early next week.
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Commentary for Gold trading: The cycle of Mars this week is usually bearish for Gold. Key planetary resistance to hold for the weakness to continue this week is at 1330 – 1334. Key planetary support is now at 1318. A break of 1318 is the next sell signal down to lower planetary levels. If the weakness continues, another low is likely to complete at the end of the week or early next week.
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Commentary for Crude Oil trading: Key weekly planetary resistance is now at 45.40 – 45.60 for Sept. Crude Oil. The weakness is likely to continue if price remains below this key level. Key planetary support and the next downside target is at 43.40 – 43.00. A break out below 43.00 is needed for the next sell signal to lower levels.
Visit my Crude Oil trading signals, Daily Crude Oil Astro-Timer™, for trading strategies that lead the market and inform you in advance when important reversals or trend changes are about to occur and the daily planetary support/resistance levels for intraday Crude Oil trading.
Commentary for Eur/Usd: The Eur/Usd is weak as the USD continues to rally. Key planetary resistance is now at 1.1020 – 1040 to hold for the trend lower to continue. Key planetary support is now at 1.0940. A break of this key level is the next sell signal to lower levels.
Visit my Forex trading strategy, Daily FX Astro-Timer™, to get started on leading price and time signals for intraday trading the Eur/Usd. Each day precise planetary support and resistance levels are calculated are sent to you including the key times when tops/bottoms or reversals are due to occur during the “power hours” 8AM – 12PM, eastern for forex trading, and a daily Eur/Usd forecast.
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