Tuesday, August 18, 2015

7 Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 08/18/15

"Remember where you have been and know where you are going. Life is not a race, but a journey to be savored each step of the way."

Notes for Tonight’s Newsletter:
Bearish markets are telling us to keep looking SHORT tomorrow;  Crude Oil rolled-over, E-Mini S&P is ready to fail at range-highs, while Gold and Euro are right where we want them to be… are you ready for Wednesday?

Crude Oil is bearish after rolling-over to the 10-15 contract which means sellers have new resistance levels to use overhead as we test the highs of the long-term bearish channel.

E-mini S&P is bearish after breaking the highs of the wedge and trading-range which means sellers will be looking for trades at resistance levels above and buyer-failures at support levels below.

Gold is bearish coming off the overshoot at channel-highs which means sellers are looking for opportunities at resistance levels as well as buyer-failures at support levels below.

Euro is bearish coming off the range-highs but we are trading at some very important support levels this evening so we expect to see a bounce higher before this price goes lower. 

Want to see us trade LIVE?  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.