Thursday, May 7, 2015

9 Trades for Non-Farm Payroll Friday | Day Trading Crude Oil, Gold & Euro Futures 05/07/15



“Whether you think you can or think you can’t…you’re right.” 
- Henry Ford

Notes for Tonight’s Newsletter:

Are you ready for Friday’s Non-Farm Payroll report?  All three of our favorite markets are bearish this evening, but with such BIG NEWS around the corner we need to be ready for anything…


Crude Oil 
Crude Oil is bearish this evening, trading inside a strong bear-channel, which means sellers will be looking for more opportunities at resistance levels on Friday, and buyers need to make their money quickly before we get back to the highs of the channel.





Gold

Gold is bearish, trading inside 2 channels, which means we are focused on selling resistance levels on our way back to test the range-lows from last week.






Euro 
Euro is bearish coming off the highs of the range, which means sellers have the advantage for the short-term, but buyers have some easy support zones waiting for them at the lows of the long-term bull-channel so sellers need to get it quickly!




These markets are getting ready for tomorrow's Non-Farm-Payroll report, so we need to be ready for ANYTHING!



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