Crude Oil is currently trading at it's wedge highs and failing to push higher. I am looking to sell this down to 96.03/96.95 previous swing lows as well as lower to the wedge lows around 95 even. We we can manage to break the 96 even lows we should see some fireworks as there isn't any other support until all the way down at the wedge lows at 95 even.
The Euro has been expanding the wedge lows this morning pushing continually lower and we have seen this much like the Crude Oil Futures where we just have a slide in the market and we just keep falling. We have finally entered into a large buy zone so we may start to see this slide get a bit shaky. If we break below 1.3464 there isn't much else to hold us up, but we will wait until we get there.
Gold broke and closed below the previews swing low and has since been expanding the lows of the wedge. As we push lower I am looking to sell this further down to 1313.4 first at the top of the next buy zone but lower overall to 1309.5 at the previous swing low. If we can manage to break under 1309.5 prepare for some fireworks since there isn't a whole lot holding this up after that low.
The Russell is testing the wedge lows this morning giving us a confirming test of the wedge lows. I am looking to buy a bounce higher from here up to 1098.8/1102.6/1104.4 as well as up to the BMT at 1106.8. If we do start to push lower I want to see a close below the wedge lows and I will look short to 1094.3 and lower. Come join us in the room and see how we do it!