OIL - Running nicely

We're not around much today on this group. Yesterday we wanted a pull back into that 2345-50 region and said if support held we would target the 2365 and 2370 level. Early session moved it without any pullback so our trade was missed but target completed for those who got in. We're now at support levels here with resistance that 2365-7 mark again on the flip with key level 2345 support which will need to break to go lower. We're in short with trades protected expecting a short bounce around here.

NFP tomorrow, so whipsawing is expected until they start the potential range pre-event. We've done well on Gold again this week netting a phenomenal pip capture, we're not risking trades for cheap pips now unless the set up is right.

There's the bounce into 2365

And we're done, both down and up

We didn't trade it yesterday even though we had a target activate above. This gave us an indication of higher pricing slightly above that 2375 resistance level which we had circled as potential. This morning however, we got a beautiful Tap and Bounce from resistance and the target level giving a wonderful short trade into the circled area on interest.

For now, that's us done on Gold for the week. It's NFP today and it's very likely they're going to slip traders up today, levels are levels, but the volume will entail only extreme levels holding price. After a 300pip moves they will most likely settle around this region pre-event and then start the accumulation which, most traders will try and catch tops and bottoms in. Trust us, it's not worth it team! We're going to publish the NFP Report later, but after another successful week, we're not touching the markets until Monday.

Targets are still posted as a guide. Recommendation is to hide your buy/sell buttons and enjoy your Friday. The trade comes after the event, next week we'll get some more great opportunities