Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is at its wedge highs and failing back lower. We have also closed below the minor trend line signaling failure lower. I am looking short back to the BMT at 105.52 and possibly lower back to the wedge lows. If we do continue higher, I will be looking long when we can move above the wedge highs and even further above 107.27.

Euro 60-Minute

The Euro is pushing lower and failed under the BMT. The current wedge is using an unconfirmed low at the moment so is floating. I am looking short further back down to 1.3248 – 1.3234 as well as a possible push further down. We will need to see an eventual retracement back to the BMT at 1.3302 at some point, but until we get a confirmed low, I will continue looking short.

Gold 60-Minute

Gold is trading at its wedge highs and failing lower. We do have a trend line below that we need to push past, but overall we have a very bearish tone. I am looking short below the trend line as well as lower to 1322.2 and further to the BMT at 1313.1. If we do end up moving higher, I will be looking long above the wedge highs.

Russell 60-Minute

The Russell is at its wedge high and failing lower. We have already had a nice push down and are currently getting a bit of a retracement. I am looking to take this retracement back short to 1048.9 at the BMT and possibly lower back to the MAJOR buy zone below us that we rejected yesterday. If we continue higher, I will be looking long above 1055.4 or so above the wedge high.

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