Thursday, June 2, 2016

Friday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 06/02/16

We are what we repeatedly do. Excellence, therefore, is not an act but a habit. - Aristotle

Notes for Tonight’s Newsletter:
Our favorite markets are gearing-up ahead of the Non-Farm Payroll report tomorrow morning; Crude Oil and the S&P are both bullish while the Gold and Euro are bearish as we head into Friday's trading session.

Crude Oil is bullish and pulling-back off the highs of a bull channel this evening which means buyers will be waiting at the channel lows for the next reliable buying opportunities tomorrow.

E-mini S&P is bullish on the way to the highs of an expanded bull channel which tells the buyers to stay patient for the best opportunities at support levels listed below.

Gold is bearish and trying to reach the measured-move target but appears to be struggling to get through some rising support which tells the sellers to look for a 'trap high' or a breakout-pullback for the next move lower.

Euro is bearish and trading inside a wedge this evening which tells us to look for selling opportunities up at resistance levels overhead on the way down to the wedge target and a possible measured-move 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.