Thursday, May 1, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil is currently breaking down again below the wedge lows and a few previous lows as well. I am looking to sell this move lower down to demanded lows starting at 98.18. Since this is the first break of the wedge low, we can also consider short term buys back to revisit the wedge lows for a test before we continue to fall back off to the downside targeting around 99.60's.

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Euro 60-Minute
The Euro has caught a BIG block of buying after yesterday's GDP numbers slapping price back up to the supplied highs as well as the wedge highs. We are now falling lower out of supply back down so I am looking to sell this market lower to the BMT back at 1.3835 as well as potentially lower than that down to demanded lows from 1.3806 - 1.3768.

Gold 60-Minute
Gold has broken lower and continues to push lower with strength. I am looking to hop on with the sellers to push price down to the wedge lows with demand in the same place at 1273.6. We are stuck in the middle at the moment so short term buys can be considered back up to the BMT at 1294.2.

Russell 60-Minute
The Russell is stuck right in the middle floating around the BMT at 1127.3. I am looking for price to pop up and tag the BMT but ultimately fail lower out of supply so I will be looking to sell this market lower to demand from 1145.5 - 1103.6 with the wedge low in the middle. Since we are stuck in the middle we can also consider long trades up to the previous swing at 1129.8 and higher to the wedge highs.

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