Crude Oil has had a HUGE push higher on uncertainty in the east. With all of that concern, Crude just keeps moving higher. We are now at the wedge highs and I am looking for some profit taking here. I am looking to sell this short back to a retest of the wedge highs below us. If we continue higher, I will be looking long with this strength but will be looking for scalps as we are moving into sell zones above.
Euro has now pushed below the BMT and is closing below the wedge lows confirming this move lower. I will be looking short with this strength to 1.3299 and possibly lower to 1.3280. If we do end up pushing back into the wedge above I will also consider buying this up to the wedge highs and higher.
Gold has been a tank pushing higher all the way back from the 22nd to the 23rd and higher. Now that we are above the sell zones and pushing higher I will be looking for buying opportunities up to 1424.0 and higher. If we begin to fail I will also be selling down for a retest of the wedge highs below us.
The Russell is pushing into the wedge lows right now after failing a bounce at the BMT. I am looking to take this short lower to the wedge low before looking for a potential bounce long back to the BMT at 1032.5. If we begin to move higher, I won't be very interested until we get above the BMT so longs look as though they may be out of the picture today. Come join us in the room and see how we do it!