November 15, 2013
- in Uncategorized by schooloftrade
Day Trading Prep; Charts we’re watching today
Markets we are
watching this Morning
watching this Morning
Euro Currency
Futures:
Futures:
 |
| Euro Levels for Today |
The Euro is trading sideways going into the morning session
in the US today. We can see price-action
in the middle of the trading-range with easy targets above and below to shoot
for. We are going to sell the resistance
levels overhead and buy the support levels below; the bullish long-term trend tells
us that buying the support levels will likely result in the best trading
opportunities.
Targets Above: 3483,
3506, 3536, 3560
3506, 3536, 3560
Targets Below: 3429,
3397, 3372, 3662
3397, 3372, 3662
Gold Futures:
 |
| Gold Levels for Today |
Gold is trading sideways this morning right at the major support
trend-line on the 30-minute anchor chart.
We can see there is a long-term trend that is bullish, however recent
developments from the US and China have put selling pressure on this precious
metal. We will buy the support levels
below us and sell the resistance levels above us, but with the trend-line support
right here we will start by looking for buying opportunities if price reacts
positively to this area at the opening-bell.
trend-line on the 30-minute anchor chart.
We can see there is a long-term trend that is bullish, however recent
developments from the US and China have put selling pressure on this precious
metal. We will buy the support levels
below us and sell the resistance levels above us, but with the trend-line support
right here we will start by looking for buying opportunities if price reacts
positively to this area at the opening-bell.
Targets Above: 1288.3,
1293.3, 1301.0, 1302.9, 1309.9
1293.3, 1301.0, 1302.9, 1309.9
Targets Below: 1281.4,
1277.2, 1273.2, 1270.0, 1267.6
1277.2, 1273.2, 1270.0, 1267.6
Crude Oil Futures:
 |
| Crude Oil Levels for Today |
Crude Oil is also trading sideways this morning right on top
of support at 93.80 and we can see a flat trend this morning. With this long-term trend being sideways we
can buy the support levels below us as price falls, and sell the resistance levels
above us as price rises.
of support at 93.80 and we can see a flat trend this morning. With this long-term trend being sideways we
can buy the support levels below us as price falls, and sell the resistance levels
above us as price rises.
Targets Above: 94.24,
94.43, 94.54, 94.78, 94.95, 95.15
94.43, 94.54, 94.78, 94.95, 95.15
Targets Below: 93.80,
93.47, 93.24, 93.00, 92.92
93.47, 93.24, 93.00, 92.92
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