Thursday, August 13, 2015

Day Trading Plan for Friday | Crude Oil, Gold, E-mini & Euro Futures 08/13/15



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Notes for Tonight’s Newsletter:
Crude Oil, Gold, and the Euro are all at critical price-levels and the E-Mini S&P has a VERY important trading-range to watch on Friday… and I have a plan!

Crude Oil is bearish and over-sold as it makes new yearly-lows which means buyers are looking for sellers to fail at these lows as well as the lows of the trading-range above.  Sellers need to stay patient for the highest % trades up around the lows of the trading-range at $43.00

E-mini S&P is coming off the highs of the price-wedge which means the target is back to the lows of the range and sellers will be looking for trades at resistance levels above and buyer-failures at support levels below!

Gold is coming off the recent highs in a bearish market which means sellers are waiting for buyers to fail at support levels as price moves back towards the lows of the range.

Euro is coming off the highs of the range and the buyers are trying to hold this price after the pullback which means if they fail we will see sellers jump all over this and take it back towards the lows of the range.



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