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Major Futures Markets Day Trading Strategy
Crude 60-Minute |
Crude Oil is currently pushing below the wedge lows starting to move into our buy zone below us. I am looking to initially sell this lower to 92.99 or so but we should see a bounce higher back up to at least retest the lows of the wedge that we are breaking below before falling lower to the overall wedge lows below us around 92.70’s.
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Euro 60-Minute |
The Euro is currently in t he middle of the wedge and seems to be pushing a bit higher from near the wedge lows. I am looking long up to the BMT at 1.3472 which also lines up at the sell zone above as well as the wedge highs. I will also be considering shorts down to the wedges below as well as the buy zone underneath that down to 1.3391.
Gold 60-Minute |
Gold is currently pushing into the wedge highs but is having a hard time pushing past it. If we hold the wedge highs I will be looking to sell this back down to the wedge lows and possibly lower to 1268.2 – 1267.4. If we do start pushing a bit higher, I will be looking long up to the BMT at 1294.4 which also lines up with the wedge highs further above that.
Russell 60-Minute |
The Russell is currently stuck up at the wedge highs and has created a selling zone above solidifying those highs. I am looking to take this market short targeting 1103.8 first, but further to the BRN which is ALSO the BMT at 1100 even. If we can reach that area, there is a TON of analysis that is lining up all in the same area so we may just see some fireworks down there!
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