Momentum Strategies for Day Trading Gold, Euro, Crude oil & Russell Futures

Did you know that momentum is one of the easiest indicators to learn, but its also one of the most difficult to use effectively?

Momentum is either pointing up or pointing down…easy right? Not so fast…

We have to consider a few things with momentum:

• How is volume?
• Do you see divergence with price?
• Are we overbought or oversold?

The final confirmation before entry trigger is momentum, so make sure you are using it correctly by watching today’s video

Momentum is one of the easiest indicators to LEARN, but one of the most challenging to use effectively because this technical indicator uses volume and the speed of the market to calculate its movement, which means we need to know more than meets the eye!

We have three main aspects to watch on crude:

– Overbought/oversold

– Divergence

– Low Volume / Speed

Watch for these three things and you will begin to truly use momentum the correct way for day traders, scalpers and swing traders.

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