Precious Metals: Gold Breaking Down Today & the Coin Toss Question
Markets are reacting to another drop in oil this morning, with equities getting a pre-market lift on news that there may be progress around the Strait of Hormuz and the Middle East.
This type of news-driven move can create fast upside, but it can also be choppy. News can move prices quickly in one direction, and those moves can reverse just as fast. For now, though, falling oil is helping support equities, bonds, and risk-on sentiment. Expect a choppy session.
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Respectfully,
Chris Vermeulen
Founder, The Technical Traders
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