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New Equity Highs, Oil Still Firm: Tuesday's Market Forecast

Posted by TopstepTrader on November 07, 2017

Markets are providing plenty of opportunities for day traders. For example, Crude Oil ($CLZ7) moved $2 yesterday - gaining from $55.70 to a high of $57.61. Whether you were a Crude Oil bull or a bear, you had the opportunity to choose levels, keep stops tight and profit.

Today is setting up to be similar. Equity futures are trending higher with the Emini S&P ($ESZ7) and Nasdaq ($NQZ7) hitting all-time highs. December Eminis are pushing up towards the 2600 level, trading at 2593 just after the open.

That has pressure on Gold ($GCZ7), which saw a $10 rally yesterday. Gold is moving towards its lows, down 0.4% on the trading session. 

Want the levels that will impact trading today? Here's Senior Performance Coach John Hoagland with your Market Forecast.

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Topics: Market Updates

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