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24d • Weekly Market Outlook 🔎
Weekly Market Outlook (22nd June)
Recap of last week:
- Us Oil hit our first target of 75 as expected and continued its downward journey
- US Markets experienced a bit of profit booking after a good surge upwards in the week
- Gold / Silver started the week strong with a pullback (wave 4) and have sold off towards the end of the week.
Factors for this week:
- US Oil made a low of 72 with targets of 68 - 65 still open. We may see oil start the week a bit stronger - pulling back before it finally creates the end of its 3rd wave.
- US 30 / US 100 may continue to pullback or play in a range as they get ready to launch into their next impulse. Buy on dip to be maintained here
- Gold + Silver to continue their bearish trend in the week ahead. Depending on price action in the start of the week I would utilise any pullback as a selling opportunity.
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Weekly Market Outlook (22nd June)
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