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The WTI Crude Oil market initially fell during the day on Wednesday, but as you can see we turned around to form a bit of a hammer. The natural gas markets initially fell during the day on Wednesday as well, but also turned around to form a bit of a hammer like we saw in the WTI Crude Oil market.
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Gold markets initially fell during the day on Tuesday as traders returned from the independent holiday in America.
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The EUR/USD pair initially rallied during the course of the day on Tuesday, but found the previous uptrend line resistive as I had anticipated. The GBP/USD pair broke down significantly during the course of the session on Tuesday, as we continue to see negative attitudes prevail in this market.
The WTI Crude Oil market fell significantly during the day on Tuesday, as we reach down towards the $46 handle. Natural gas markets fell rather significantly during the course of the day on Tuesday, testing the $2.75 level.
The USD/JPY pair fell during the day on Tuesday, but at this point in time I believe that there is a significant amount of support below just waiting to get involved. The New Zealand dollar fell during the day on Tuesday, as the 0.7250 level offered quite a bit of resistance.
The S&P 500 fell significantly during the course of the session on Tuesday, but turn right back around to form a relatively interesting looking candle as we bounced nicely. The NASDAQ 100 initially fell during the day as well but turned around to form a little bit better looking hammer quite frankly, so having said that I think it’s only a matter of time before we break out to the upside.
Gold prices ended Tuesday's session up $6.96, extending gains to a fifth-straight session, as declines in equity markets and ongoing uncertainty following the UK's vote to exit the European Union underpinned the precious metal.
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