December 1, 2015
- in Uncategorized by schooloftrade
8 Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 12/01/15
“If someone
is going down the wrong road, he doesn’t need motivation to speed him up… he
needs education to turn him around.”
is going down the wrong road, he doesn’t need motivation to speed him up… he
needs education to turn him around.”
Notes for Tonight’s Newsletter:
Crude
Oil is trading at the lows of a short-term
range and a bull-channel
this evening which tells us to expect range and channel ‘rotation’
back higher on Wednesday, so we are looking for buying opportunities. If prices push higher we will be looking for ‘pullbacks’
and seller-failure opportunities up to the range-high and channel-high. if price goes lower we will watch for seller-failure
to buy it back up again, making sure to trade AROUND the news from
10:15-10:45am EST.
Oil is trading at the lows of a short-term
range and a bull-channel
this evening which tells us to expect range and channel ‘rotation’
back higher on Wednesday, so we are looking for buying opportunities. If prices push higher we will be looking for ‘pullbacks’
and seller-failure opportunities up to the range-high and channel-high. if price goes lower we will watch for seller-failure
to buy it back up again, making sure to trade AROUND the news from
10:15-10:45am EST.
E-mini
S&P is bullish above the ‘Holiday
High’ which tells us we are bullish but the buyers MUST hold the next deep
pullback if they are going to keep this momentum going forward. The break above 2098.25
tested the 2100.00
’round-number’ which is a big clue that this may be a fake-out
before re-visiting the lows, so wise traders will be waiting for proof before
they buy the next DEEP pullback
at support levels below.
S&P is bullish above the ‘Holiday
High’ which tells us we are bullish but the buyers MUST hold the next deep
pullback if they are going to keep this momentum going forward. The break above 2098.25
tested the 2100.00
’round-number’ which is a big clue that this may be a fake-out
before re-visiting the lows, so wise traders will be waiting for proof before
they buy the next DEEP pullback
at support levels below.
Gold
is looking quite bullish after the bulls showed strength after a measured-correction
off the highs which lined-up perfectly at the lows of the bull-channel which
tells us to look for buying opportunities as long as we see PROOF
tomorrow…because we haven’t forgotten about the little ‘mistake’ that occurred
earlier this week which still leaves the door wide open for a collapse back to range-low
at 1053.00
is looking quite bullish after the bulls showed strength after a measured-correction
off the highs which lined-up perfectly at the lows of the bull-channel which
tells us to look for buying opportunities as long as we see PROOF
tomorrow…because we haven’t forgotten about the little ‘mistake’ that occurred
earlier this week which still leaves the door wide open for a collapse back to range-low
at 1053.00
Euro
is bullish and ‘rotating’ higher off a bull-channel-low
this evening so our plan is to look for pullbacks
at support and counter-trend traps
to achieve the target up at channel-high.
We have measured-moves
for targets overhead and a reminder the best trades will come after deep
pullbacks off the highs.
is bullish and ‘rotating’ higher off a bull-channel-low
this evening so our plan is to look for pullbacks
at support and counter-trend traps
to achieve the target up at channel-high.
We have measured-moves
for targets overhead and a reminder the best trades will come after deep
pullbacks off the highs.
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