December 5, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is currently pushing higher but has now run into the wedge highs above and is starting to reject lower. I am looking to short this market down to 97.02 first and further down towards 96.51 as well as even further down to the wedge lows below that. If we really catch some legs to the downside I will also be targeting the BMT sitting down at 94.86.

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

Euro 60-Minute

The Euro has had a hard sell off followed right up with MASSIVE buying from the BMT down at 1.3565 and the wedge lows and bounced the market right back up again. I am looking to buy this market higher up from here to the supply zone above at 1.3622 and higher to the wedge highs above that and the previous swing high sitting up at 1.3640.

Gold 60-Minute

Gold created a new wedge high but shortly after that we moved to the BMT and quickly snapped right through it moving aggressively lower once again. I am looking to take this market short further down to the supply zone below us at 1213 as well as lower to the previous swing low at 1210.8 and the wedge lows below that. We don’t have a whole lot holding us up so we should see a nice move lower.

Russell 60-Minute

The Russell has pushed up to its wedge highs and is seeing a bit of selling coming in at those highs. I am looking to sell this market lower from here to first visit the previous minor swing at 1118.9 but further down to the wedge lows and possibly lower for a blow-off to the large previous swing down at 1108.9. The supply zone below is is VERY large so we will start looking for buying once we pop out of it higher.

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

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