November 14, 2013

Major Futures Markets Day Trading Strategy

Crude 60-Minute

Crude Oil is currently pushing below the wedge lows starting to move into our buy zone below us. I am looking to initially sell this lower to 92.99 or so  but we should see a bounce higher back up to at least retest the lows of the wedge that we are breaking below before falling lower to the overall wedge lows below us around 92.70’s.

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Euro 60-Minute

The Euro is currently in t he middle of the wedge and seems to be pushing a bit higher from near the wedge lows. I am looking long up to the BMT at 1.3472 which also lines up at the sell zone above as well as the wedge highs. I will also be considering shorts down to the wedges below as well as the buy zone underneath that down to 1.3391.

Gold 60-Minute

Gold is currently pushing into the wedge highs but is having a hard time pushing past it. If we hold the wedge highs I will be looking to sell this back down to the wedge lows and possibly lower to 1268.2 – 1267.4. If we do start pushing a bit higher, I will be looking long up to the BMT at 1294.4 which also lines up with the wedge highs further above that.

Russell 60-Minute

The Russell is currently stuck up at the wedge highs and has created a selling zone above solidifying those highs. I am looking to take this market short targeting 1103.8 first, but further to the BRN which is ALSO the BMT at 1100 even. If we can reach that area, there is a TON of analysis that is lining up all in the same area so we may just see some fireworks down there!

Come join us in the room and see how we do it!

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