Friday, May 2, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil is currently waving a bit higher from the wedge lows on the way back to supply at 100.35 and the BMT above that. I am looking to buy this market on the way up to the supply zone and the BMT above that. If we do catch some legs to the upside we also have the wedge highs above to target as well. Since we are in the middle, we can also look for short trades back down to the previous swing at 99.17.

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Euro 60-Minute
The Euro is currently stuck in the middle but attempting to rise higher again. I am looking in both directions with buying opportunities up to the wedge highs that line up with supply from 1.3884 - 1.3888 as well as looking for trades to the downside to the BMT sitting at 1.3841 and possibly even lower under that to the next demand zone from 1.3806 - 1.3768 with the wedge lows in the mix.

Gold 60-Minute
Gold is pushing up from the wedge lows where we are catching some pressure up. We are still stuck in the middle so both directions are viable. I am looking long to test the BMT and wedge highs around 1292's and also looking for short trades back down to demand from 1280.4 - 1277.3 with the wedge lows under that.

Russell 60-Minute
The Russell is currently right back up and stuck around the BMT exactly what we saw yesterday. I am looking for a repeat of yesterday and looking to sell this market lower down to demand at 1114.5 - 1103.6 with the wedge lows in the mix. We can also consider short term buying opportunities back to the BMT sitting at 1126.5 and possibly higher to the wedge highs above that.

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