July 28, 2015

Day Trading FOMC Announcement | Crude Oil, Gold, E-mini & Euro Futures 07/28/15

“Only by contending with
challenges that seem to be beyond your strength to handle at the moment you can
grow more surely toward the stars.”
Notes for Tonight’s Newsletter:
This volatility
is giving us some incredible trading opportunities this week
, but we need to be ready for
tomorrow’s FOMC
Announcement and Crude Oil Inventories… do you have a plan?

Crude
Oil
is bearish and ‘rotating’ off the highs of the bear-channel
which means sellers are looking for ‘bull-traps’
at support levels as we go lower as well as if we try to make a run at new
weekly highs ahead of the Inventory report morning.

E-mini
S&P
is bullish after consecutive sessions in the ‘red’
which means sellers will be looking
for buyer-failure
to sell back to the recent lows, and buyers need stay patient for the next deep
pullback.

Gold
is trading sideways within a bearish trend
, and with less than 24hrs from the FOMC announcement
our best strategy will be to buy the
lows
and sell the highs of the short-term range using reversals and
failures.

Euro
just pulled-back to the lows of short-term bull-channel
, and with the BEARISH
long-term-trend we will be looking for buyers
to fail
at these lows for easy selling opportunities going with the trend.

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