Day Trading: Gold Futures Break All Time Highs

Gold Futures:

1030am est

– Gold futures are back at new all-time highs, which means the breakout trade long will be higher risk (we don’t buy the highs, we sell the highs)

– Looking for a reversal trade short I have two options

o More aggressive entry below 67.5 will take your entry as close to the highs as possible, which is good

o The more conservative entry short below 65.6 is going to have more potential because it clears the messy chop at these highs and get into a trade with plenty of room to run for me.

o Targets will be 63.5, 62.3, 60.5 soft, and final hard target of 57.8 at the lows of the day’s trading range.



Gold Break out Opportunity

  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Crude Oil Futures:
 
– Crude oil futures are trading sideways at the highs from last night and we have two options for our day trades

o Buy the breakout above 83.10 with targets of 25, 345, and 95

o I can sell the highs with a reversal short below 82.42 with targets 35, 15 (trend line), and then 65 for the final ¼ target.
 



Day Trading Crude Oil



E-Mini Russell Futures:

– E-mini Russell broke out above the highs from last night

– You can see this Live Russell Trade Call:

– We took the breakout above the 700.00, took our profit and now looking for new opportunities.

o We can continue to the upside with a breakout trade entry long above 703.5 with targets of 705.0 (AB=CD Pattern) and final target is the top of the channel at around 709.0 for the final ½ of your position

o We can also look to take advantage of this sluggish market at the highs and sell short below 700.0 with targets of 98.3, 97.0, soft 93.2, and final hard 688.0 which is the trend line support.
 



Russell Day Trading

  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Russell Break-Out Trade 34 Range



Euro Futures:

– Euro futures broke below the sideways range and now looking to buy the lows of this range above 42.

– Profit should be taken at the trend line for the first target, 65, and final hard target of 90 all the way to the highs of the range.



Euro Day Trading



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