Tuesday, April 15, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has pushed and rejected out of supply at the highs from 104.24 - 104.75. This rejection lower has a tight trend channel coming back lower for a bit of profit taking. I am looking to sell with this minor trend channel down to demand at 102.71 - 102.37 and the BMT under that at 102.30 before we start looking right back to the upside to revisit the previous highs and wedge highs at 104.50's or so.

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Euro 60-Minute
The Euro caught a strong gap lower over the weekend which has been driving price down over the past few days. We have now reached and broken the BMT at 1.3804 and are seeming to continue lower. I am looking to sell with this move down to the previous swing at 1.3778 as well as lower to the demand zones below us starting at 1.3767 - 1.3758 and lower.

Gold 60-Minute
Gold has caught an absolutely gargantuan sell off today dropping price below the BMT way back at 1311.6 and blowing through several demand zones down to the wedge lows around 1287's where we are now bouncing back up again. I am looking to hop on to buy this market back up to the BMT for a quick retest back at 1311.6 before looking to sell right back down again with this aggressiveness.

Russell 60-Minute
The Russell had a strong gap lower into a demand zone from 1105.3 - 1100.4 where we saw the buyers swoop in to push price right back up again. We then came back to retest that demand zone which was also rejected. I am looking to hop in long with these buyers back to the wedge highs along with the BMT sitting around the 1140's where we can then look to hop in short back to the lows again.

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