Monday, May 4, 2015

6 Trades for Tuesday | Day Trading Crude Oil, Gold & Euro Futures 05/04/15




“You must be the change you want to see in the world.” - Mahatma Gandhi

Notes for Tonight’s Newsletter:

Crude Oil and Euro are setting up for a bullish run, while Gold is ready to collapse off the highs of the range on Tuesday… are you ready for this?

Crude Oil is trading near the lows of a long-term bull-channel which means we are looking for buying opportunities at support levels on our way up to some easy targets overhead.

Gold is bullish in the short-term, but trading at the highs of a long-term bear-channel which tells us there will be selling opportunities up these highs on Tuesday.

Euro is sitting on top of a major support level this evening, which tells us to expect buyers to try and push this market higher on Tuesday, but we have a clear line in the sand where the sellers must take control if they want to keep today's bearish move going lower.




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