Thursday, April 30, 2015

How to Profit from Trend-Channels | Day Trading Crude Oil, Gold & Euro Futures 04/30/15




“In any situation, the best thing you can do is the right thing; the next best thing you can do is the wrong thing; the worst thing you can do is nothing.” 

Notes for Tonight’s Newsletter:
These markets are really moving this week; We have bull-channels on Crude Oil and Euro, and today’s collapse on Gold gives us opportunities using the bear-channel… are you ready for Friday?

Crude Oil is bullish this evening, trying to push its way up to $60/barrel, and we have some great clues from the channel and trading-range for tomorrow's session.

Gold is bearish after a huge collapse down to the lows of the range today, which will give buyers short-term opportunities until we get back up to the channel-highs on Friday.

Euro is bullish inside multiple channels this evening, and our plan remains the same to buy those pullbacks at support levels on our way higher tomorrow.




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