Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is nearing the wedge high above. I am looking to sell this back down to the lows at 102.67. We do have inventory numbers today at 10:30 that might throw a kink in today’s trading, but we will have to wait and see.

Euro 60-Minute

The Euro just broke the channel lows and pushed straight into the BMT. I am looking to take a bounce here back to retest the channel low, but overall am looking short.

Gold 60-Minute

Gold is testing the wedge low which is also on top of the BMT. I am looking to buy this back up to the highs at 1337.3 – 1339.1. This is the fourth time we have tested the BMT so if we don’t get a good bounce here, I would expect to see a failure lower in price to 1316.9, 1312.6, and finally 1309.1.

Russell 60-Minute

The Russell broke the minor wedge and also retested it with a nice double bounce at both the minor wedge high AND the BMT. I am looking to buy this back up to the wedge highs at 1048.6. 

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