Thursday, June 11, 2015

Day Trading Spike & Channel and Flag Patterns | Day Trading Crude Oil, Gold, E-mini & Euro Futures 06/11/15



"I don't care how much power, brilliance or energy you have, if you don't harness it and focus it on a specific target, and hold it there you're never going to accomplish as much as your ability warrants." –THE Zig Ziglar 

Notes for Tonight’s Newsletter:
Crude Oil is bearish in the short-term and bullish in the long-term with the short-term target back at $60 before the buyers start looking again.

E-mini S&P is bullish but trading at the highs of the bear-channel, which means sellers are going to make it hard to push higher... watch for the bull-flag or spike & channel on Friday.

Gold is bearish and coming off the channel-highs; sellers are looking for retracements down to 1162.7 and buyers are looking for resistance levels to fail for a re-test of 1191.3.

Euro is bullish; Buyers are looking for pullbacks and sellers are looking for opportunities where support levels fail.



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