Monday, January 27, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil is seeing a ton of buyer interest come in to the market but we are also seeing a lot of seller interest coming in giving us a very confused market condition. We are floating at the low of the wedge so I will be looking to take this long initially back up to the wedge highs but I will also consider short trades with this current market confusion down to the previous swing at 96.25.

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Euro 60-Minute
The Euro pushed as high as 1.3740 before getting caught up in a lot of seller interest with supply enough to push the market lower. When we came back to retest that supply they defended their position pushing the Euro lower again. I will be looking to sell this market lower with the failure to go higher back down to demand between 1.3636 - 1.3624 as well as the BMT below that around 1.3624.


Gold 60-Minute
Gold pushed up to a high of 1279.8 where it was met with quite a bit of seller interest with supply coming in from 1272.2 - 1279.8. This pushed the market lower and when we came back to retest that supply the sellers defended their positions rejecting Gold lower again. I am looking to take this market short down to the BMT floating around 1250.8 and possibly lower to the wedge lows underneath that.


Russell 60-Minute
The Russell caught a HUGE amount of selling pressure pushing it down from a solid high of 1181.4 all the way down to 1136. This move also pushed it below the BMT shifting the bias to the downside. We did see a bit of demand come in between 1138.6 - 1136 and have bounced higher. I will be looking to sell this market back down to demand for a retest before looking long up to the BMT at 1162.1.



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