Friday, March 28, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has been pushing higher and higher over the past few days where we are seeing quite a bit of unrelenting bullishness. There was a brief pause but still we push higher. I am looking to push higher yet to supply sitting up at 101.97 - 102.44 and expand this wedge high a bit farther. From there we can look to hop in short and sell this market back down to 101.34 - 101.18 at previous demand.

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Euro 60-Minute
The Euro has had a spot of data feed issues from yesterday where we connect today to see a large gap lower. Since we have broken below the previous lows and out of consolidation, I am looking to buy this market higher back to retest those areas around 1.3750's before looking to hop on the sell side to drop price farther down to test demand sitting at 1.3699 - 1.3693. 

Gold 60-Minute
Gold has been selling off over and over again to new lows and it doesn't seem that the demand areas are able to support this selling aggression. We have now broken below the wedge lows again and are pushing lower. I am looking to sell this market lower with this aggression and targeting back into the wedge lows down to 1285.5 at the next demand area.

Russell 60-Minute
The Russell has caught quite a bit of selling after rejecting the BMT up at 1175.4 now. This push lower has driven us to create new wedge lows around 1141.3's. We have also retested this area so it is a confirmed wedge low. I am going to be looking to buy this market higher to the previous swing sitting up at 1158.1 as well as higher to the wedge highs. We can also consider a short back to retest the wedge lows.

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