futures now nl trade updates

Published Mon, Mar 13 20171:32 PM EDTUpdated Thu, Aug 2 201812:31 PM EDT

Key Points

1. Wall Street angst is overdone, PNC's top market watcher says
2. Here's why one trader isn't buying the greenback
3. Technician says these are the next best levels to buy bitcoin

WHAT JIM IS WATCHING 8/2

The short-term direction in crude appears lower down to $66. At that point I believe crude will be a buy and continue in the longer-term trend higher up to an objective of $75.

Gold is hovering near support at $1,220. If $1,220 breaks then I think it will be a quick trip down to $1,200. It's the dollar causing gold weakness.

WHAT SCOTT IS WATCHING 8/2

Copper is down again on trade tensions. Look for a retest of $2.67.

The dollar index is toying with 95.00 again. I think 10-year rates and the dollar are the most important metrics.