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Re: DiscoverGold post# 1892

Saturday, 04/09/2016 10:36:43 AM

Saturday, April 09, 2016 10:36:43 AM

Post# of 1958
Oil Continues to Outperform Equities
By MPTrader

* April 8, 2016

ES (Emini S&P 500) already has recovered half of yesterday's decline, and is approaching key resistance at 2057/62, which if hurdled and sustained, will argue strongly that yesterday's breakdown ended a correction off of the April1 high at 2071.50, rather than the initiation of a more pronounced period of weakness in the aftermath of the Feb-Apr upleg.

Meanwhile, Oil has ripped to the upside, taking out Wed's recovery high at $38.30 into new rally high territory at $39.28 so far-- in route to my next upside target zone of $40-$42.



https://www.mptrader.com/middayminute/

• George.

Click on "In reply to", for Authors past commentaries.

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• gtsourdinis

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