Wednesday, July 29, 2015

6 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 07/29/15

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Notes for Tonight’s Newsletter:
Today’s FOMC Report got our markets moving, which means buyers and sellers will be looking for opportunities tomorrow… are you ready to profit with us?

Crude Oil is bullish after today's excessive 'draw' in the inventory report, but we know the trend is bearish in the long-term which means sellers will be looking for buyers to fail at support levels to take it back down.

E-mini S&P is bullish with a spike & channel pattern which means we will be looking for a 'deep-correction' for the best buying opportunities tomorrow.
Gold is STILL trading sideways inside a range which means we will continue buying lows and selling which worked so well this week!

Euro is bearish after today's 'dovish' FOMC report, and we have a new bear-channel to work with so sellers will be looking for opportunities at channel-highs and buyers need to look near channel-lows or seller-fail at channel-highs.

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