June 2, 2016
- in Uncategorized by schooloftrade
Friday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 06/02/16
We are what we repeatedly do. Excellence, therefore, is not an act but a habit. – Aristotle
Notes for Tonight’s Newsletter:
Our favorite markets are gearing-up ahead of the Non-Farm Payroll report tomorrow morning; Crude Oil and the S&P are both bullish while the Gold and Euro are bearish as we head into Friday’s trading session.
Crude Oil is bullish and pulling-back off the highs of a bull channel this evening which means buyers will be waiting at the channel lows for the next reliable buying opportunities tomorrow.
E-mini S&P is bullish on the way to the highs of an expanded bull channel which tells the buyers to stay patient for the best opportunities at support levels listed below.
Gold is bearish and trying to reach the measured-move target but appears to be struggling to get through some rising support which tells the sellers to look for a ‘trap high’ or a breakout-pullback for the next move lower.
Euro is bearish and trading inside a wedge this evening which tells us to look for selling opportunities up at resistance levels overhead on the way down to the wedge target and a possible measured-move tomorrow.
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