Daily Plan 3/7/2024
Same old Same old
Hello traders,
Another day in the markets where all dips get bought up in power hour.
Our levels did great today and we were able to capture a bunch of points
For tomorrow we have Jobless Claims and day 2 of Powell testimony.
A reader asked me for my outlook on the Russell. I have short term interest area at 2088 and 2106 for a decent R shorting opportunity.
Crude finally broker 80 today however was not able to hold there. As mentioned in the Sunday newsletter, the OPEC cuts are finally showing up in the price. 81.44 seems to be the natural magnet here and which should be a strong resistance for CL.
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Levels for the overnight session: