Oil Futures (/CL) are stretching to fresh 2019 highs near $58 a barrel with another 1% gain coming in speculation of a favorable trade deal with China to spur further economic expansion. Gold Futures (/GC) are barely hanging on to weekly gains at $1331 an ounce after two straight losing sessions amid a rumored hostile takeover of Newmont Mining (NEM) by Canadian rival Barrick Gold as competition has increased.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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