Thursday, March 27, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has aggressively pushed above the wedge highs where we are seeing the buyers flooding in to push price higher. We have also broken above the previous swings a bit above the 101's. I am looking to buy with the strength from these buyers but we also have to be a bit cautious as we are quite extended to the upside and will be looking to take a bit of a sell back down for some profit taking.

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Euro 60-Minute
The Euro has been in the same range that we saw from yesterday but nearing the wedge lows. I am looking for price to go a bit farther down to the wedge lows where we can look to buy this market higher back to previous highs and supply at 1.3808 - 1.3820 as well as higher above that to the BMT and wedge highs around the 1.3820's where we can then look to sell back down again.


Gold 60-Minute
Gold has been respecting this descending wedge that we have been caught in for the past week or so. We have also come down to test the lows of that wedge where we are seeing the buyers pop in. I am looking to buy this higher in the short term back to the wedge highs paired up with supply at 1304 - 1305.4 where we can then look to hop right back in to the downside to new lows.


Russell 60-Minute
The Russell has caught a HUGE amount of selling pressure that has dropped price firmly below the BMT way back up at 1178.6 and into new wedge lows. We are now resting at those lows to retest and confirm them. I am looking to buy in the short term back to the wedge highs but with this aggressive movement I will be looking to sell as well under 1148.3 to new lows and demand down back at 1137.5.



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