Trend Reversal Day Trading Patterns Gold and Crude Oil Futures

We have non-farm payrolls @ 830am est this morning so we’re setting up charts looking for the best opportunities

The dollar index is where we begin, and we can see the following

– Middle of the trading range from Wednesday’s FOMC announcement
– We’re falling average true range
– Inside day
– Inside the wedge , not at the highs or the lows, in the middle

Crude Oil Futures are trading in a strong up-trend ever since the news on Wednesday

– Average true range is the lowest its been all week
– We’re in the middle of the bullish channel just below 87.00
– We have support trend line keeping up held up
– We want to wait to test the highs or the lows of the trading range for the best opportunities