Thursday, February 27, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil caught a solid move higher after the bulls knocked it back above the BMT and came back to it for a retest. That bounce has pushed price up to a high of 102.90 where we saw a bit of selling pressure come in to push the market lower. As we are in the middle of the range I will be looking long up to supply from 102.66 - 102.90 as well as short back down to the BMT to 101.80.

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Euro 60-Minute
The Euro has pushed lower after strongly failing below the BMT where we have now began to expand the wedge lows. With this VERY aggressive push lower I will be looking in the long term to sell as we begin to fall lower once again to confirm the wedge lows. If we do revisit those lows to confirm them, I will also consider longs with a bounce from there back to supply at 1.3689 - 1.3697.

Gold 60-Minute
Gold caught a solid bounce at the wedge lows inside demand from 1326.1 - 1322.3 where the buyers came in and bumped price higher. I will be looking to buy this market higher to the channel highs to revisit those highs once again but as we near those wedge highs I will also consider short trades back to the wedge lows and demand in the same area we just bounced out of.

Russell 60-Minute
The Russell caught a push lower down to the channel lows where we are currently seeing the buyers come in and bounce price higher. I am looking to buy this price out of demand from 1171.7 - 1168.3 back to the previous high at 1182.2. If we begin to break down below the channel lows, I will also consider shorts to expand the lows down to the overall previous swing at 1168.3.

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