Good Morning

It's always interesting to see if the post-FOMC price trend can continue through the overnight and into the following Thursday...and today, it has. This now sets us up for a compelling Friday and weekly close. We'll discuss that today but there are other items to cover, as well.

Let's start with this current 5-minute chart of CDG. Check how price was stable and fine...until...the Comex opened and then it was immediately worked/slammed lower. However, be sure to note how quickly that dip was bought. This is a very positive sign. It's not as simple as this but think of it this way...

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Key Economic Events Week of 6/12

6/13 8:30 ET CPI
6/14 8:30 ET PPI
6/14 2:00 ET FOMC Fedlines
6/14 2:30 ET Jerry presser
6/15 8:30 ET Retail Sales
6/15 8:30 ET Import Prices
6/15 8:30 ET Empire Fed Manu Idx
6/15 8:30 ET Philly Fed Manu Idx
6/15 9:15 ET Cap Ute & Ind Prod
6/15 10:00 ET Business Inventories
6/16 10:00 ET Consumer Sentiment

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