Monday, April 3, 2023

DTI Daily Rundown - April 03

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On TBUZ TV Today:

4125.00.00 Pivot.

4145.00 Resistance

4110.00 Support

Open of 2023: 3895.00, Open of April 4127.00

First Monday of the Month. Join us at 2:15pm ET.

Also join us Monday night at 8:00pm ET.

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Market Review:

Gold's Air Pocket

In the last week of March Gold Futures found a low at 1962.7 and climbed off that level to 2005.50. It backed up a little to close the week at 1986.2. In overnight trading this week, gold has dropped to an overnight low of 1965.9, but as of 7:30am ET the futures have climbed back to 1993.9. If you pay attention the charts will show where support is, and where resistance is located. The next major resistance for gold should be the March 24th high of 2023.9.

PS. If Gold does decide to pull back and move lower, then expect to find a little more support at the March 22 low of 1936.5.


Over 70% of stocks track with the S&P 500 Futures

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Major Events:

Apr 4 JOLTS Job Openings

Apr 5 ADP Employment

Apr 5 ISM Services PMI

Apr 7 Employment Reports

Apr 12 CPI

Key Numbers Opens: Above or Below

4127.00 is the open of the Quarter

4008.00 was the open of last Week

3968.50 was the open of March 2023

3895.00 is the open of 2023

What's Hot and Not!

Crude

Crude surged over 6% over the weekend. Prices should be moving up at the pump. Take advantage of an early notice and fill up your car before prices at the pump rise even more.

Crude closed last week at 75.67 and opened this week at 80.10. They have already rallied to 81.69 and are showing strong early volume.

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

Please consult your personal financial advisor before using this information for your own trading purposes.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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