Wednesday, May 20, 2015

8 Trades for Thursday | Day Trading Crude Oil, Gold & Euro Futures 05/20/15



“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

Notes for Tonight’s Newsletter:

Crude Oil 
Crude Oil and Gold are bullish coming off their channel-lows, while the Euro remains bearish going into Thursday’s session… are you ready for tomorrow?

Crude Oil is bullish coming off the bear-channel-lows and heading towards the highs of the channel where we will expect to see new sellers enter the market.  Our plan is to look for opportunities to buy at support levels on the way up to resistance levels above.

Gold
Gold is bullish coming off the lows of a bull-channel and trading sideways inside a range.  Our plan is to look for opportunities to buy at support levels on the way higher and take profit at the resistance targets overhead.



Euro
Euro is bearish, with a bear-channel and short-term trading-range to work with on Thursday.  Our plan is to sell short at resistance levels and take our profit at support levels below.






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