Monday, March 10, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil attempted to break above the BMT on the 7th but just couldn't hold those highs. We then broke strongly down over the weekend and this morning back under the BMT. I am looking to sell this market lower with these sellers down to demand from 100.75 to the wedge low and possibly farther to the lows at 100.13 at the bottom of demand.

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Euro 60-Minute
The Euro has pushed into the channel highs and it did attempt to push above them but quickly failed back down. This failure back down came with a retrace back to the channel to test. As we are now floating at the channel highs I am looking to sell this market back down again to the previous swing first at 1.3852 as well as lower to the BMT farther down at 1.3783.


Gold 60-Minute
Gold has attempted to break to new lows over the weekend but the sellers ran out of steam and gave us a double bottom between 1327.5 - 1326.6 where the buyers came right back in an slammed it back higher above the BMT. I am looking to buy with this strength higher to first test the swing at 1341.8 and possibly higher above that to the wedge highs around the 1350's.


Russell 60-Minute
The Russell has been VERY sideways over the past week or so. We did see a VERY large block of buyers to push price up to the previous highs. We immediately failed those highs into a double top. I am looking to sell this market right back down with the failure from the buyers down to the previous swing first at 1194.6 as well as lower to the BMT at 1189.8.



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