Gold, Oil, USD: MM Daily

Summary:  

Tomorrow could be a big day in the commodities space!  There are no daily trade signals, but the crude chart is showing a "breakout or ceiling" decision point, and the gold chart is portraying an imminent upward turning point.  Definitely a stay on one's toes day!!!

Daily MMI Commodity Signals:  The latest daily signals are posted under each commodity section.  While the signals were developed with futures contracts, they can be traded using a variety of ETFs.  Changes to next day MMI signals may occur about 5% of the time, and will be announced in updates and in the daily reports should they occur.  Same day signals will not change.  Day 2, 3, or later signals reflect the most current information, and are subject to change.  Unless otherwise specified, the default trade per the daily signal is executed at market on close week days (5 PM for futures) and market on open for the weekend (6 PM Sunday for futures).  As daily up/down signals, the MMI signals are correct about 60% of the time.  The higher probability (H.P.) signals are correct about 65-70% of the time.  Please manage your trading risk accordingly.

MMI Crude

Latest forecast info:  The next daily trade signal is a sell signal for Friday.  Yet, there is a "breakout or ceiling" decision point indicated on the chart for Wednesday and Thursday.  Don't be short above 64.12!

    CL   Trade Signal H.P. ?**
3/21 NONE  
3/22 NONE  
3/23 SELL X
3/26 (open) SELL (pending) X

**.H.P. = Higher Probability Trade Signal

MMI Gold Latest forecast info: The state of flux continues as gold searches for a lasting low.  Possible daily sell signal for Thursday, and daily buy for Friday.  The chart shows a major turning point at any moment.

    GC    Trade Signal H.P.? **
3/21 NONE  
3/22 Sell IF 3/21 closes < 1313 X
3/23 Buy IF 3/22 closes > 1315  

**H.P. = Higher Probability Trade Signal

MMI U.S. Dollar Index

Latest forecast info:  There are no daily trade signals through Friday.

     DX       Trade Signal H.P. ? **
3/21 NONE  
3/22 NONE  
3/23 NONE  

**H.P. = Higher Probability Trade Signal

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."