TSX Venture Exchange and Gold
The Venture traded in a narrow range last week, from a high Monday of 723 (just 5 points below Fib. resistance) and a low Tuesday and Thursday of 708 which is holding as new support. For the week, the Venture finished unchanged at 715 but that was better than the losses of 1% and more on the broader indices while Crude Oil fell 1.3% despite Friday’s sharp advance.
All eyes this coming week will be on the referendum in the UK as Brits decide whether or not to remain in the EU. The outcome could have a big impact on global equities and commodities.
In today’s Week In Review And A Look Ahead…
1. Important trading strategy – what’s the Venture’s current path of least resistance?…
2. Is Gold now ready to overcome $1,300?…
3. Tracking the greenback…
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