Daily Alert – Thursday 16th April 2020: US adds another 5.2 million jobless; oil continues down

Mark Nugent April 2020, Daily Alert

Daily Alert – Thursday 16th April 2020: US adds another 5.2 million jobless; oil continues down

For the fourth week running Unemployment Claims in the US were horrendous at 5.2 million new claimants. This takes the total to around 21 million over the last month. However the actual number was better than expected and the markets were calm.

WTI continues to grind down. In the video I mention the difference between the WTI spot chart I normally look at and the WTI futures chart. There are some key differences that can affect your trading that you should be aware of.

Currencies have been difficult to trade this week due to choppiness and a general lack of volatility.

I will nurse my active WTI short today and tomorrow.

I will see you on Monday for next week’s Trading Plan. Have a great weekend when it comes.

VIP Club members can watch the video HERE