October 6, 2015
- in Uncategorized by schooloftrade
7 Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 10/06/15
“If we did all the things we are capable of, we would astound
ourselves.”
ourselves.”
Notes for Tonight’s Newsletter:
Crude
Oil is bullish this evening and we expect to see this price continue to
push higher into the channel-highs before a measured-correction
back lower. We got exactly what
we wanted today, and now we need to stay patient for the next correction off
the highs, which is likely to come around the highs of the long-term bull-channel
around 49.50. If you didn’t get into
this move earlier, your best option is to look for sellers to try and fail
during a correction.
Oil is bullish this evening and we expect to see this price continue to
push higher into the channel-highs before a measured-correction
back lower. We got exactly what
we wanted today, and now we need to stay patient for the next correction off
the highs, which is likely to come around the highs of the long-term bull-channel
around 49.50. If you didn’t get into
this move earlier, your best option is to look for sellers to try and fail
during a correction.
E-mini
S&P is range-bound with a bullish-bias
going into Wednesday’s session so we’re looking for seller-failures
and traps to keep buying. We have a
cluster of support levels waiting for us below today’s trading-range
and we will stay patient to wait for buying opportunities after we complete
this correction.
S&P is range-bound with a bullish-bias
going into Wednesday’s session so we’re looking for seller-failures
and traps to keep buying. We have a
cluster of support levels waiting for us below today’s trading-range
and we will stay patient to wait for buying opportunities after we complete
this correction.
Gold
is range-bound with a bullish-bias and we have a breakout
of the highs which means we will be looking for the measured-correction
lower for the next round of buying. We
know that the buyers will be in control above the range-highs at 1141.3 and if
they fail we will see price rotate back to range-lows at 1131.8. If buyers keep control we will use measured-moves
and range-expansion levels overhead for targets.
is range-bound with a bullish-bias and we have a breakout
of the highs which means we will be looking for the measured-correction
lower for the next round of buying. We
know that the buyers will be in control above the range-highs at 1141.3 and if
they fail we will see price rotate back to range-lows at 1131.8. If buyers keep control we will use measured-moves
and range-expansion levels overhead for targets.
Euro
is range-bound and completely sideways
as it pushes towards the range-highs this evening and we will be
watching closely to see how the buyers react at the highs for failures. Look for the buyers to try
twice and keep price above the range-highs of 1301 for a bullish push
higher. Our job is to fade
the breakouts on range-bound markets like these until we see a clear
breakout.
is range-bound and completely sideways
as it pushes towards the range-highs this evening and we will be
watching closely to see how the buyers react at the highs for failures. Look for the buyers to try
twice and keep price above the range-highs of 1301 for a bullish push
higher. Our job is to fade
the breakouts on range-bound markets like these until we see a clear
breakout.
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