Two High Percentage Opportunities On Crude Oil Futures

Crude Oil Futures:

We have two different opportunities on the 13-range chart, using the basic fundamentals we found on the 34-range chart. (at the highs of the range, looking for a short entry, or a breakout above)

Entry long above 82.47 if we can continue with the trend up from yesterday looking for profit at 82.95 (1/2) and 83.33 (1/4)

Final target on the long trade will be up around 84.00 big round numbers.

If we can’t keep going up, I’m going to get short below 80.64 looking to sell the highs of the trading range we broke above from yesterday, looking for profit targets at 80.05 (1/2) and 79.75 (1/4)

Final target on the short trade will be likely around 79.00 big round number.

I will determine my final target once I enter the trade and look for the next level of support and resistance.
 
 
Russell Futures:
 

– This is a little slower than the 13-range which we used for our big winner already this morning, but we will use the same entry pattern and same entry trigger for this day trade.

– My entry short below 54.3, but I need to wait for momentum to curl over and point down, and then followed by big sellers on my time and sales window.

– I will take profit at 53.0(1/2), 50.5(1/4), and then down to the bottom of the wedge, I will take profit at the trend line above 46.5 (1/4)

You can clearly see that this reversal pattern was a nice easy winner, but we didnt have any BIG MONEY to confirm our entry…so we watched it go by us.

Now im looking for a 2-step short at the highs of this wedge.

We took our profit at 651 on our short trade, and then we had to wait through the 2-step long above 53.0 because we didn’t get any big money to confirm

Now we are trading at the highs of this wedge once again, and you know what we’re looking for…sell the highs.

Entry short below 57.0, looking for our first profit target at the trigger line on this 13-range chart (these are dynamic technical indicators) around 56.0, and then 2nd target of 55.0 (1/4) and then final target all the way down to the opposite extreme of the wedge where the move started @ 52.0 just above the trend line as support.
 
 

I need to get above the next level of major resistance, which is the next swing high with my auto levels

Entry long above 660.1 will take me above the wedge an above the next level of overhead resistance.

My profit targets are 61.8 (1/2), 63.7 (1/4), and then all the way up to the next double-top @ 71.0 (1/4)

Russell Up-Date:
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I’ve taken my first target and now looking for my 2nd taarget @ 63.7
 
 
 
 
Dollar and Russell Trade Management
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I’m wathcing the dollar inside a sideways range, if the dollar tests support at 80.555, i will then use the correlation as a sign to take profit on the Russell long entry