230 Ticks Live Day Trading Crude Oil Gold Russell Futures Scalping Swing Trading E-mini

830am EST

We notice right away today that the Dollar Index is trading in an ‘outside day’ which means that the highs and lows of today’s range are higher and lower than the day before.

Outside days tell us to expect some good price movement, but if you see INSIDE days, watch out. Inside days on the dollar occur when today’s trading range is within the trading range from the day before, and it tells us to expect restricted price movement on the markets we trade.

Crude Oil Futures:

-we have contract rollover to the 10-10 contract on crude oil today, so make sure we are using the correct chart.

we open our 34-range chart and we can see a horse-shoe pattern and price trading sideways in a trading range from 77.00 down to 75.00

we are looking to buy above 77, and buy above 75.00, as well selling below 76.82 and looking for shorts below 74.99

now that is the slow timeframe, lets look at the faster timeframe to see some better patterns…

Gold Futures:

Gold trading sideways from 28.3 down to 21.7, still chopping around at the highs from earlier this week

Speed is very slow on the gold right now, and we have had a hard time seeing much large movement from gold the whole month of august.

We are being extra cautious trading gold considering these concerns.

Euro Futures:

Euro trading sideways from 2922 down to 2750, with slow speed and very sluggish.

Looking to sell the highs of 2922 and buy the lows of 2750, looking for trades on any timeframe.

We also see the dollar trading sideways inside the same trading range from earlier this week, so this is expected to continue to make the euro slow and sideways.