Wednesday, April 30, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil caught a big block of selling to drop price right back below the BMT back at 101.49 and we are now sitting in demanded lows from 100.05 - 99.86 and the wedge lows. I am looking to buy this market higher back to revisit the BMT but as we are seeing a bit of failure at the wedge lows we can also consider short trades lower down if we break demanded lows.

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Euro 60-Minute
The Euro has caught a HUGE reversal from the lows of 1.3768 and price has now blown right through the BMT back at 1.3825 and is pushing higher. I am looking to hop on to buy with this move higher up to supply from 1.3864 - 1.3878 as well as the wedge highs in the middle. We can also consider quick short trades for a snap-back to the BMT at 1.3825.

Gold 60-Minute
Gold has caught a solid bit of selling knocking price lower under the BMT and breaking demand lows at 1286.1. This gives us a big heads up that the buyers are failing. I am looking to sell this market lower down to demand at 1273.6 and the wedge lows below that. We should expect a bit waviness on the way down as it is all open space so short term buys are on the table too.

Russell 60-Minute
The Russell is still stuck in the middle as we didn't get a whole lot of action yesterday. I am looking for pretty much the same idea today where we are going to look long and short. I will be looking to buy up to supply from 1122.8 - 1129.8 with the BMT in there at 1128.7. I will also be looking short back to the previous swing first at 1112 as well as lower to the demand zone below from 1098.7 - 1090.8.

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