November 19, 2013
- in Uncategorized by schooloftrade
Crude Oil, Gold and Euro Morning Prep
Markets we are
watching this Morning
watching this Morning
Euro Currency
Futures:
Futures:
 |
| Euro Anchor Chart |
The Euro continues to push higher this morning and our anchor
chart tells us we have the long-term and short-term trend both very bullish as
we go into the opening-bell at 8:20am EST today for currencies.
Our plan for the euro is simple; we want to buy near the lows
of the range as these prices keep moving higher. We will buy at the lows and take our profit-targets
at the highs.
of the range as these prices keep moving higher. We will buy at the lows and take our profit-targets
at the highs.
We look for buying opportunities around support levels below
us at 3500, 3482, 3467, 3446, etc. Once
we see a test of these support levels we will then look for a price-reversal and
an entry pattern to get long this morning.
Our profit-targets will be placed at the resistance levels above us
around 3519, 3544, 3564, 3578 and 3621.
us at 3500, 3482, 3467, 3446, etc. Once
we see a test of these support levels we will then look for a price-reversal and
an entry pattern to get long this morning.
Our profit-targets will be placed at the resistance levels above us
around 3519, 3544, 3564, 3578 and 3621.
Gold Futures:
 |
| Gold Anchor Chart |
Gold is moving lower on our anchor chart this morning and we
can see a long-term trend that is bearish with a short-term trend that is
bullish. We would love to sell the resistance
levels above us today using the long-term trend as our guide to get short for
the high-percentage-trades.
can see a long-term trend that is bearish with a short-term trend that is
bullish. We would love to sell the resistance
levels above us today using the long-term trend as our guide to get short for
the high-percentage-trades.
Our plan today for Gold will be to wait patiently for price-action
to move into the overhead resistance levels on the anchor chart so we can get
into a short position off the highs with a profit-target at the lows of the
range.
to move into the overhead resistance levels on the anchor chart so we can get
into a short position off the highs with a profit-target at the lows of the
range.
We look for selling-opportunities today around 1276.0,
1279.0, 1280.9, 1283.9 and 1287.0 to name just a few. Once we test these areas we will then look
for the price-reversal and the entry pattern to get short. Our profit-targets today will be support zones
below us around 1269.1, 1265.4, 1261.0 and 1252.1.
1279.0, 1280.9, 1283.9 and 1287.0 to name just a few. Once we test these areas we will then look
for the price-reversal and the entry pattern to get short. Our profit-targets today will be support zones
below us around 1269.1, 1265.4, 1261.0 and 1252.1.
Crude Oil Futures:
 |
| Crude Oil Anchor Chart |
Crude Oil is moving lower once again this morning and the
anchor chart tells us that we have both the short and long-term trends pointed
down, giving us trading opportunities to the short side today.
anchor chart tells us that we have both the short and long-term trends pointed
down, giving us trading opportunities to the short side today.
Our plan today on Crude Oil is quite simple, the bearish
trend tells us to wait for price-action to move higher into overhead resistance
levels where we can get short when the price-action begins to move lower
again.
trend tells us to wait for price-action to move higher into overhead resistance
levels where we can get short when the price-action begins to move lower
again.
As it stands at 7:30am EST we have sell-zones at 94.08,
94.57, 94.81 and 95.16 this morning and we will use the buy-zones below us as profit-targets
around 93.12, 92.56, 91.86 and 91.39.
94.57, 94.81 and 95.16 this morning and we will use the buy-zones below us as profit-targets
around 93.12, 92.56, 91.86 and 91.39.
===========================================================
Want to see us trade LIVE?
Click here to register for the
Free Trial!
Click here to register for the
Free Trial!
Automated Trading Strategy; Let the
Computer do the trading
Computer do the trading
Are you a Crude Oil Trader? Click here to
trade Crude Oil
trade Crude Oil
Are you a Euro Trader? Click here to
trade Euro
trade Euro
Are you an E-Mini Russell Trader? Click here to trade
E-Mini Russell
E-Mini Russell
Are you a Gold Trader? Click here to trade
Gold
Gold
Join the Premier Live trade-room as an Advanced Member
