Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is trading higher after the final BMT rejection at 105.60. We have a forming wedge high at the moment as well. I will be looking to sell this back to the BMT at 106.00 and possibly lower to the wedge lows. We will need to get through the BMT first so I will be looking for a bounce in that area.

Euro 60-Minute

The Euro pushed straight through the wedge lows with a HUGE sell off. I am looking to continue pushing this lower and selling down to 1.3187. We will probably see a lift back to retest the wedge lows soon so I will be considering longs if we begin to move back up as well.

Gold 60-Minute

Gold pushed into a minor wedge low which in and of itself isn’t a huge deal. But when you couple that with the BMT just underneath it at 1319.5 that makes it a TASTY trade! I am looking to buy this back to 1338.1-1343.3 and the wedge highs. If we do continue lower, I would like to see us fail below the 1315.1 lows first before looking to short.

Russell 60-Minute

The Russell has pushed below the HUGE support level and is now selling off. I am looking to sell this further down in the long run but looking to buy it back up for a retest of that level FIRST before the selling. We are sitting in no man’s land right now but are currently in a larger buy zone, so we should start seeing a bounce here soon.

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