Wednesday, April 9, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil is currently pushing and breaking above the wedge highs. This push up needs to be followed through so the next hour needs to close bullish for us to buy this higher. If it does, I am looking long to supply at 102.94 - 103.06 and higher above that. If it fails back into the range again I will look to sell this market lower back to demand at 102.17 - 102.03 and lower to the wedge lows.

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Euro 60-Minute
The Euro is currently back at the wedge highs once more and having a very hard time breaking through it. Since we are failing to break these highs I will be looking short back to the previous swing first at 1.3778 and lower to demand from 1.3767 - 1.3758 with the BMT sitting right in the middle of that at 1.3762. If we do begin to push back up and break the wedge we can target the previous swing at 1.3810.

Gold 60-Minute
Gold has rejected the demand zone above at 1312 - 1314.7 and is now resting right at the BMT at 1301.7 and the wedge lows. This is a very solid area to look to buy this right back up again. I am looking to hop on to the buy side and looking to target the wedge highs back at supply at 1312 and the wedge highs above that. If we do crack below the BMT we can look short to demand from 1297.7 - 1295.8.

Russell 60-Minute
The Russell is currently sitting in the middle if a bit to the bottom of the overall wedge. We did reject the demand zone from 1132.4 - 1125.2 up to where we are now. I am looking to go long to the previous swings at 1146.5 - 1147 as well as looking for shorts back to the previous low at 1138.5 and lower back to demand at 1132.4. Since we are in the middle both options are viable.

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