Wednesday, August 12, 2015

5 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 08/12/15



“Just as your car runs smoothly and requires less energy to go faster and farther when the wheels are in perfect alignment, you perform better when your thoughts, feelings, emotions, goals, and values are in balance.”

Notes for Tonight’s Newsletter:

Another day of volatility and opportunities across all markets… this week has been amazing… and I have a plan for tomorrow… are you ready?

Crude Oil is bearish and trading inside a range from 43.65 down to 42.90 which means we will be looking for 'bull-traps' at the highs to keep selling short.

E-mini S&P is sideways and trading inside a 'price-wedge' which means we will continue buying the lows, selling the highs, and avoiding the middle.

Gold is bearish and trading all the way to the highs of the range as well as a short-term bull-channel which means sellers will be looking for buyer-failures at resistance as well as support levels below.

Euro is trading sideways and tested the highs of the range which means sellers will be looking for buyer-failures at these highs as well as support levels on the way back down!



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