November 26, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has moved up to the BMT at 94.42 and has since pushed right back down showing that the sellers aren’t done with this market quite yet. I am looking to sell this market lower to the 93.50’s at the next buy zone below us as well as possibly further down to the wedge lows under that around 93 even or so. 

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Euro 60-Minute

The Euro is currently getting stuck in a very tight wedge and we have surpassed the standard amount of time that it takes to complete a wedge. I will be looking for this market to begin to FOBO of the highs and lows going into today. For the long side I will be looking for a target of 1.3573 above the wedge and for the downside I am looking for 1.3530 and lower to the BMT at 1.3501.

Gold 60-Minute

Gold is currently pushing away from its wedge highs and cracking below our cloud. That was about the only thing left to hold this up aside from a few buy zones below us but it is pretty much clear sailing on the way back to the lows at 1224.7. I am looking to take this market short back to that level as well as potentially lower to the wedge and farther.

Russell 60-Minute

The Russell is getting VERY consolidated around the wedge highs and we are failing to push lower every time we try. I am looking to take this market higher back to revisit the highs at 1128.9 as well as push through those highs to new all-time highs as this market just can’t be knocked down; at least not yet. The upside targets will be more likely to be trailing stops as there isn’t anything above us but projections.

Come join us in the room and see how we do it!

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