Tuesday, March 25, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has apparently been set on repeat of yesterday. We are breaking above the wedge highs and pushing into the supply zone from 100.09 - 100.29. I am looking for a short term buy to get Crude up to the previous high at 100.29 but overall looking to sell this market lower on yet another anticipated failure to move higher. Targets to the downside will be back to the BMT and wedge lows around 99's.

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Euro 60-Minute
The Euro has expanded the wedge range to new highs and lows. This expansion has pushed price above the BMT and quickly failed right back down again for a mainly sideways market. I am looking to sell this market lower to the wedge lows back at 1.3767 but we can also look to buy this market higher back to the BMT sitting at 1.3835 as well as above that to the wedge highs since we are in the middle.



Gold 60-Minute
Gold has been in quite a selling mode over the past few weeks getting us in to a fairly aggressive bearish channel as we fall lower. We are now breaking below the wedge lows showing us that the bears are still here and not quitting. I am looking to sell this lower to the next demand zone at 1301.4 - 1299.9 using the magnet of the big round number of 1300. We can also consider short term longs back to retest the wedge lows.



Russell 60-Minute
The RUssell has been VERY sideways overall and we are seeing the same thing as we expand the wedge lows down, we tagged the previous low and bounced right back up again. Now that we are pushing back up again I will be looking to buy this market higher to the BMT above to test it at 1186.1 as well as back to the wedge highs at supply from 1200.4. We can also consider shorts as we are in the middle back to 1171.2.



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