Tuesday, January 14, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil pushed to an overall low at 91.24 creating a large block of buying demand from 91.79 - 91.24. This has been defended several times so far pushing the market higher but the sellers aren't giving up as we keep getting swatted back down. I will be looking long up to 92.82 and the wedge highs as well as looking short with the sellers that keep coming in back down to 91.79 and lower. 

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Euro 60-Minute
The Euro cracked above the BMT yesterday and has since tested it and bounced higher creating a new expanding wedge high. I will be looking for continued buying from here back up to the previous push higher at 1.3700. We did see quite a bit of buying demand come in right at the BMT which also supports the long side quite well. If we do break through the 1.3700 the next target isn't until all the way up at 1.3775.

Gold 60-Minute
Gold has been attempting to push higher but we have seen a very large chunk of selling supply come in between 1252.2 up to 1256.5. Every time we have moved into that area we have been pushed right back down again. I will be looking to sell this market down to 1243.0 at the previous swing first but overall targeting the wedge lows and the BMT below that.

Russell 60-Minute
The Russell pushed below the BMT yesterday afternoon and sold off quit hard. On that sell off we saw the buyers step right back in on quite strong buying demand volume between 1146 - 1138.6. We then bounced out of the demand zone and gave it a retest at the swing of 1145.4 which was defended. I will be looking to buy this market up to the BMT at 1152.4 and higher back to supply above at 1159.8.

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