Thursday, January 9, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has been pushing very aggressively lower over the past few weeks now and today doesn't look like it will be any different. We are currently stuck up at the wedge highs and failing to push above them. I will be looking to sell Crude down to 92.35 or so as well as lower to 92.06 at the previous low. If we do start to break above the wedge high we can look long up to 93.9.

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Euro 60-Minute
The Euro is currently sitting up at the wedge highs as well as the supply zone above between 1.3629 - 1.3634 and has since fallen lower. I will be looking to take this further short to 1.3569 - 1.3552 and possibly lower to 1.3542 at the previous swing low. We did come VERY near the BMT at 1.3650 so it wouldn't be a surprise to see that begin to act as a magnet pulling price right back up again.

Gold 60-Minute
Gold has been having a VERY bad time floating around the BMT currently at 1224.4. It has been very consolidated the past day or two and is having difficulty picking a direction to move in. The trend is firmly to the upside but we are very back and forth right now. I will be looking both long and short from here down to the BMT at 1224.4 as well as long up to 1232.2 at the previous swing high.

Russell 60-Minute
The Russell has been very sideways the past week or so selling off from the highs and buying up from the lows. We have now broke above the highs right into the wedge high. I am looking to sell this right back down again to 1154.9 first but overall to the BMT which is sitting on the wedge lows down at 1150.3. We have nothing buy buy support below us so the long side is definitely favored right now.

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