Wednesday, April 15, 2015

5 Trades for Thursday | SchoolOfTrade Day Trading Newsletter 04/15/15

“Life is 10% what happens to us and 90% how we react to it.”
Notes for Tonight’s Newsletter:

We survived tax-day here in the US, and now we begin looking forward to more trading opportunities on Thursday.  Gold and Crude Oil are giving us plenty of trading opportunities… are you watching these?

Crude Oil rallied higher today, pushing all the way up to test the highs of a long-term bull-channel on very low volume. 

We expect to see price come back off these highs and give us trading opportunities down at the channel-lows, and we are keeping a close eye on the spike-and-channel-pattern that kicked off this rally today as an easy seller target!

Gold is very similar to crude oil this evening, bullish and all the way up at the channel-highs where we expect to see profit-taking and an attempt to move back to channel-lows.  Sellers will be looking to scalp this back lower, while buyers will be waiting for another round of opportunities at the channel-lows.

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