January 29, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has been having a very hard time breaking above supply from 97.55 – 97.84. We are now showing signs that we are failing once again from these highs back lower. I am looking to take this market short from supply and the wedge highs right back down to the BMT and wedge lows around 96’s and possibly lower to demand below that from 95.74 – 95.22.

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Euro 60-Minute

The Euro has fallen very hard out of supply from 1.3677 – 1.3688. This push down got the Euro below the BMT sitting at 1.3638 showing us a new bearish inclination in this market. This push down is showing very large selling interest which I am looking to ride lower selling this down to the wedge lows. If we can really get some legs to the downside I we may be able to get this to fall to demand from 1.3539.

Gold 60-Minute

Gold strongly rejected a demand zone floating right on top of the BMT back at 1252.8 down to 1248.2. This buy zone has been protected now 5 times showing TONS of buyer interest at those lows. I am looking to buy this market up with these buyers up to the next supply zone at 1272.2 up to 1279.8 as well as the wedge in the middle of that as a potential profit target.

Russell 60-Minute

The Russell has rejected the supply areas from 1142.6 up to 1148.3 very aggressively falling lower. This selling interest is starting push the Russell down every time we get so much as a bounce. I am looking to sell with this downside strength down to supply from 1129.3 – 1117.5 as well as the wedge lows inside of that range. We still have yet to physically test the BMT so we will see it act as a magnet but not until we see these sellers let up.

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