January 28, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil caught quite a bit of selling from the highs up at 97.84 pushing it down back to the BMT floating around 95.72 for “fair” market value. As we have rejected back higher off the BMT I will be looking long from here with the bulls up to supply starting at 96.83 all the way back up to the wedge highs and higher at the overall high back at 97.84. We do have a swing at 97.18 to deal with as well which may end up being a nice area to take a short back lower.

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Euro 60-Minute

The Euro has been selling a bit lower from the highs up at 1.3740. This push lower pushed the Euro into the BMT around 1.3632 where the buyers flooded back in pushing it right back up again. I will be looking to buy this market higher with these buyers up to supply from 1.3677 – 1.3688 and the wedge highs. If we can get some legs on this move I will be looking to hold to the larger wedge highs around 1.3720’s.

Gold 60-Minute

Gold has been pushing down from the highs up at 1279.8. This sell off pushed Gold down to the BMT around 1252.5 which was defended very aggressively TWO times! The first test was immediately rejected higher and when we came back it was pushed up once more. I am looking to buy with this buying strength back up to supply at 1263.2 as well as higher up to the overall wedge high around 1276’s.

Russell 60-Minute

The Russell has been getting SMASHED to the downside pushing it as low as 1117.4 before catching demand buyer interest from 1123.5 – 1117.5. This demand zone has been defended before and because of this, I will be looking long from here back up to supply at 1145.9 – 1148.3 as well as higher above that to the BMT and wedge highs floating around 1155’s currently. 

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