Gold, Oil, USD: MM Daily

Summary:  The crude chart is pointing up into the weekend, and there are daily sells for Monday-Tuesday (with no trade signal for the weekend / Monday open).  There are no gold trade signals for the weekend, but there is a conditional daily buy for Monday.  There are no USD trade signals through Monday.

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). A Wednesday buy signal for example, is for Tuesday close to Wednesday close.  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 crude chart is pointing up through the weekend, with no daily trade signals.  There are daily sell signals for Monday-Tuesday.

    CL   Trade Signal H.P. ?**
3/4 (open)   NONE  
3/4   SELL X
3/5   SELL X
3/6   NONE  

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

MMI Gold Latest forecast info:  There is a conditional daily buy for Monday.

Weekly buy level: Longs favored above 1297 GC J. 

Weekly sell level: Shorts favored below 1294 GC J.

    GC    Trade Signal H.P.? **
3/4 (open)   NONE  
3/4   BUY > 1297  
3/5    

**H.P. = Higher Probability Trade Signal

MMI U.S. Dollar Index

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

     DX       Trade Signal H.P. ? **
3/4 (open)  NONE  
3/4  NONE  
3/5  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."