Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has caught a VERY strong sell off over the past few days dropping price down to a low of 100.13 where the buyers ended up stepping in and pushing it back up. We are now nearing the BMT which will begin to act as a magnet so I will be looking to buy this market higher into the BMT at 102.32. From there, if we reject it, I will look to sell and if we break above it I will look to buy higher.

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Euro 60-Minute

The Euro has broken above the wedge highs with quite a bit of strength. Now that we are above the wedge I will be looking for a bit of selling to come in to test the highs of the wedge before looking back long again to new highs, so I will be looking to sell this market down to 1.3890 or so and then flip and look back long to new highs farther up with these bulls.

Gold 60-Minute

Gold has caught a BIG block of buying from yesterday where we ran directly back into the highs of supply from 1352.9 – 1355. This area has been defended several times before so I will be looking to go short from these highs back to the BMT and wedge lows back at 1336.7 – 1336.0. If we can catch some strong movement lower we can also look to target the previous swing at 1331.3.

Russell 60-Minute

The Russell is DEAD sideways over the past few days after that HUGE run higher back on the 4th to the highs of 1212.6. We are now beginning to wedge at these highs sitting at supply so I am looking to sell pushes up to supply from 1208.6 – 1212.5 as well as buy the lows of demand down at 1200.6 in this sideways type price action. If we do begin to break out, we can target the BMT sitting at 1186.9.

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