Wednesday, May 13, 2015

Day trading strategy for THURSDAY | Day Trading Crude Oil, Gold & Euro Futures 05/13/15

"You can have everything in life you want, if you will just help other people get what they want."

Notes for Tonight’s Newsletter:

Crude Oil 1
We have plenty of trading opportunities waiting for us on Thursday; Crude Oil is setting-up for a rally off $60, while Gold and Euro are way over-bought and looking for a pullback… are you ready?

Crude Oil 2
Crude Oil is bearish this evening after price collapsed for the 2nd week in a row after a bullish inventory report!  We have some big support levels to watch for tomorrow so be ready for buyers to start bargain-hunting around $60!

Gold is bullish but over-bought this evening after a monster of a trading session today.  Buyers need to be patient to wait for a deeper pullback to the support levels below, while the sellers will be looking for buyer-failure to get short off these highs.

Euro is bullish this evening but over-bought at the completion of the measured-move, which means our plan for tomorrow is to  look for short-term selling and long-term buying opportunities  using the channel-lows.

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