Wednesday, August 26, 2015

Best Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 08/26/15

"Courage is like a muscle. We strengthen it with use."

Notes for Tonight’s Newsletter:
Crude Oil continues to fill our pockets, E-Mini S&P holds the pullback and makes a run at the range-highs, Gold fails to hold the pullback and heads lower while the Euro is GO-TIME at the lows of the bull-channel… are you ready for tomorrow?

Crude Oil is bearish this evening and at the lows of the range which means sellers take profit and wait for opportunities to sell the highs again or wait for buyer-failure to sell the break of the lows.

E-mini S&P is bullish this evening after holding the pullback which means buyers are looking for trades at support levels on the way back to re-test the highs and sellers will be patient for buyers to FAIL trying to buy the highs to sell it back down!

Gold is bearish after buyers failed to hold the pullback off the highs; the channel-overshoot at today's lows tells the sellers to look for an AB=CD correction higher before looking for the next selling opportunity on the way down to the major trend-line support.

Euro is bullish and trading deep into a correction off the highs with a bull-flag; Buyers are looking for trades at the lows of the channel as well as using the resistance zone overhead for seller-failure add-on opportunities.

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