Wednesday, June 3, 2015

Best Trades for Thursday | Day Trading Crude Oil, Gold, E-mini & Euro Futures 06/03/15

“If you can imagine it, you can achieve it; if you can dream it, you can become it.” –William Arthur Ward

Notes for Tonight’s Newsletter:
Crude Oil is bearish and coming off the highs of the channel; Bears are selling retracements at resistance levels, and the bulls will want to look for opportunities when the bears fail.

E-mini S&P is bullish and rotating back up to the range-highs; Bulls want to keep buying pullbacks to support levels and the bears will stay patient for those buyers to fail to re-test the range-lows.

Gold is bearish and oversold at the range-lows; Sellers need to stay patient for more opportunities up at resistance levels and buyers will be looking for bargains at these lows with targets back up at resistance levels above.

Euro is bullish with an overshoot of the channel-highs; Sellers will be looking to sell these highs and buyers need to stay patient to buy the next pullback to support.

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