Wednesday, March 5, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has had a nice sell off from those channel highs back up at the 105's and we have since dropped to nearly testing the BMT. I am looking short down to the wedge lows and the BMT sitting at 102.68 for a bit before looking overall long for a bounce off of those lows right back up to 103.53 and potentially higher up to supply at 103.74 - 103.98 and up.

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Euro 60-Minute
The Euro has been VERY sideways getting stuck around the BMT floating around 1.3730's. We have seen price bounce in all directions around that area and since we are in the middle again, I will be looking to buy up to 1.3745 and the wedge highs as well as sell lower down to the wedge lows and possibly further to the Big Round Number sitting at 1.3700.

Gold 60-Minute
Gold caught a very solid block of sellers dropping price off of the channel highs where we pushed into the BMT sitting at 1332.3. Now we are seeing straight consolidation that price is having a hard time getting out of. I am looking to buy this market higher from the BMT back up to 1338.3 - 1340.9 as well as potentially higher above that back to the channel highs.

Russell 60-Minute
The Russell caught an absolutely MASSIVE block of buying yesterday that pushed price right into the channel highs and into fresh wedge highs at 1212.6. This push higher was defended by the sellers pushing price back down again. I am looking to sell this market back to a "fair" price to demand at 1189.2 - 1186.6 as well as possibly lower to the BMT sitting at 1176.8.

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