Monday, June 8, 2015

6 Trades for Tuesday | Day Trading Crude Oil, Gold, E-mini & Euro Futures 06/08/15

“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.” Arnold Schwarzenegger

Notes for Tonight’s Newsletter:
Markets are reacting to last week’s Non-Farm Payroll news, and we have plenty of great trading opportunities to look for on Tuesday… are you ready?

Crude Oil is bearish and coming off the highs of the bear-channel; sellers are looking for new opportunities to trade down to the lows of the range around key round numbers.

E-mini S&P is bearish but oversold at the lows of a channel so the sellers need to stay patient while buyers need to grab it quickly before the next push down!

Gold is bearish inside a channel and our plan is to look for selling opportunities using resistance levels at the highs of the channel for new selling opportunities.

Euro is bullish but overbought after today's big move higher so sellers will look for opportunities in the short-term before buyers come back in at support levels below.

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