Wednesday, June 15, 2016

6 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 06/15/16



“Yesterday is not ours to recover, but tomorrow is ours to win or lose.” –Lyndon Johnson

Notes for Tonight’s Newsletter:
Markets are reacting well to the FOMC Report this afternoon and we have some big opportunities going into Thursday's Session; Crude Oil and S&P are bearish while the Gold and Euro are bullish ahead of the opening bell in Asia.


Crude Oil is bearish with a strong move lower to finish the session today but an overshoot of the bear-channel tells sellers that prices are too cheap to sell now and the most reliable opportunities will come after a correction back to the 'battle zone' up around $48.00 tomorrow.

E-mini S&P is bearish after breaking out of a trading-range this evening but we know that most breakouts fail on their first attempt and combined with an overshoot of a channel-low we expect to see a short-term correction back towards the 2070.0 area before the sellers re-enter the market lower tomorrow.

Gold is bullish after a somewhat somber tone to the FOMC report this afternoon and a bull channel tells the buyers to look for opportunities using 'traps' below prior swings with a target back to the highs tomorrow.


Euro is bullish after this afternoon's FOMC report but after a large overshoot of the channel highs we assume there will be a large correction back at channel lows telling the buyers to stay patient and watch for clues of seller-failure before buying more of this market tomorrow.

===========================================================
Test-Drive our Advanced Membership  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 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.