A quick recap
Crude Oil - Daily remains flagging. Support was quickly bought and closed at the top of its channel (flag). Weekly 20- & 50-period moving averages recently crossed bullish. As stated last week $110 is significant resistance
Copper -Still basing under that $3.95-$4 level. Remains in constructive consolidation mode
The U.S.Dollar Index saw rejection above $80.50 and if it can't get any further upside momentum going looks like it could set up a bearish 2b pattern
The EURUSD pair is oscillating within a down sloping channel. Above the trendline (weekly) could see a bullish breakout, obviously a break below 1.265 would be bearish, but a higher low can be forming here (currently holding a 50% retrace of the most recent bullish momentum, not shown).
Gold - It would be interesting to see a move to $1600 to gauge buyer interest. Either way, so long as this higher low (weekly chart) is defended an inverse head & shoulders is in play should price work its way back up to the neckline.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.