Weekly Review: Friday 5th October 2018

Mark Nugent Oct 2018, Weekly Review

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Weekly Review: Friday 5th October 2018

The week was mostly risk-off. Fed’s Powell hints at additional rate hikes to those already factored in. The USD rises and equities drop. Equities are beautifully setup for longs next week. WTI pulls back allowing a second long position, paid for by locked-in profits from the first position. Net long/short positions on WTI near all-time highs, meaning a high likelihood of price rises over the next weeks.

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Weekly Review: Friday 5th October 2018

The week was mostly risk-off. Fed’s Powell hints at additional rate hikes to those already factored in. The USD rises and equities drop. Equities are beautifully setup for longs next week. WTI pulls back allowing a second long position, paid for by locked-in profits from the first position. Net long/short positions on WTI near all-time highs, meaning a high likelihood of price rises over the next weeks.

Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

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