Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is currently resting right at the BMT at 100.34 which is also sitting in a demand zone from 100.33 – 100.28. We are seeing the buyers defend this low so I am looking to hop on board with them right back up to supply from 100.85 – 100.89 and 100.96 – 101.08 and if we can get some legs, to the wedge highs. If we do end up failing below the BMT we can look to short back to the wedge lows around the 100’s.

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Euro 60-Minute

The Euro is currently trading right smack dab in the middle of the wedge. We are nearing the BMT back up at 1.3756 so we should begin to see price magnetize to that level. I am going to be looking to buy this market higher into the BMT and supply above that from 1.3764 – 1.3808. If we do begin to fall we can also look to sell back to demand sitting at 1.3691 – 1.3669 at the previous low.

Gold 60-Minute

Gold is stuck at the wedge highs and is tightly channeling lower and is now hung up at the BMT right at 1298.7. I am looking to sell Gold down to demand below the BMT from 1293.8 – 1286.4 which also has the wedge lows in the mix. If we do bounce off the BMT we can also consider taking long trades back to retest the wedge highs around 1302 or so.

Russell 60-Minute

The Russell caught an absolutely MASSIVE selling push on the 4th last week where we broke through pretty much every support level on the way down. We are now testing the previous low at 1141.1 where we are seeing a bit of buying come in. I am looking to sell this market lower overall down to demand at 1137.5 – 1132.8 but will also consider longs back to supply at 1148.1 – 1149.2.

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