Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude came into the low of yesterday’s channel and has since bounce up. This formed the final low point for the wedge low down at 102.30. I am looking to continue buying this move higher in the short term to 105.07 – 105.12. As this market has is VERY negative, I will also be looking to take this back short to revisit the wedge low as well as the overall low at 102.30.

Euro 60-Minute

The Euro has been bouncing higher after rejecting yesterday’s wedge low. I will be looking to buy this market higher to the swings at 1.3548 – 1.3552 as well as a push above that to the overall high at 1.3575. We did just have a FOBO above the previous swing so I will also be looking for short term sell signals to take this down for a retest of the wedge low as well as a blow-off to 1.3464.

Gold 60-Minute

Gold has rejected the LC zone we were talking about yesterday and has since pushed higher. I will be looking to take this long in the short term back to retest the BMT at 1334.6 but overall as we are still wedging here, I will also consider shorts back to the lows of the wedge as well as potential blow-offs to the low at 1291.5.

Russell 60-Minute

The Russell is smack-dab in the middle of the wedge right now and has done nothing but consolidate for the past several hours. I will be looking for moves in either direction to the top of the wedge up to 1080.1 as well as down to the wedge low for a potential blow-off to the low at 1063.3 and the BMT at 1063.1.

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