5 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 11/12/15

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“Enter every activity without giving mental recognition to
the possibility of defeat. Concentrate on your strengths, instead of your
weaknesses… on your powers, instead of your problems.”

Notes for Tonight’s Newsletter:

Crude
Oil is range-bound
this evening with a bearish
bias and sellers are current trying to break to new lows.  If they fail, we will likely see a run back
to the high of the range before we go lower again.  Range-rotation
is the name of the game for tomorrow, and the buyers
failed to rotate back to range-highs which means the sellers will TRY to
run this price down to the next range-expansion
level at 40.81, but watch if they fail because that will send price back to the
range-highs at 42.57 before we get another shot at selling this again.

E-mini
S&P is bearish this evening but the sellers have two measured-moves
acting as support which tells us the sellers will likely be taking profit into
the closing
bell tonight and we will wait for a bullish
correction higher before looking for additional selling opportunities
tomorrow.  The short-term trading-range
from earlier today will act like a magnet as buyers go hunting for bargains,
but make no mistake, this is a bearish
market so sellers will be waiting for the buyers to finish this move higher
for the next round of selling.

Gold
is bearish and range-bound
but we have a BIG
CLUE this evening that the party may be over in the short-term for the bears and
the buyers look eager to run the sellers out of their post-NFP-News
positions before going back lower again. 
We see the sellers just recently failed on the rotation
back to the range-low at 1076.3 which tells us the pendulum of momentum will
swing in favor of the buyers, likely sending price back to the highs at 1093.5
and possibly a test of the 1100.00
round number which then puts all the sellers’ stop-losses within striking
distance and a possible stop-run at 1108.7 which then gives the sellers who
missed this move a 2nd shot at getting into this market selling at the same
price they missed a week ago.

Euro
is bullish this evening so our plan is to use channel-rotation
and major measured-moves for our objective
while looking to catch the sellers on the wrong side of the market with each pullback
into support for entries.  We are seeing
a short-term measured-move
at this time so we will wait for a small correction off this recent push
higher, try to catch the sellers sleeping, and our goal is to get back to the
highs of the bull
channel in tomorrow’s session.