Market Analysis for Trading on 8/10/2017

Mish Schneider | August 9, 2017

***WEAT note change 5 Picks for week of August 7th. 2017 USO: ATR: .23. The underlying 50-DMA just turned up in slope. It is sitting on the 100-DMA. Through 10.26 buy stop (must trade there) would buy with a choice of stops. Swing 9.49. Active 9.79. First target is then 11.74 for swing and 11.06 for active. FCX: ATR: .62 Should 14.70 hold, buy on a 30-minute opening range breakout with fudge (6% ATR added

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