Futures Markets Day trading strategy

The 4-hour
chart of Crude Oil shows us trading in the middle of a price-wedge with buy and
sell-zones above and below us this morning, which suggests overall 2-sided market
personality going into this morning’s trading session.  We can see the broken bearish price-channel resulted
in strong resistance at 96.49 with a double-top at the highs.  If prices rise higher the buyers will have to
push through the highs of the price-wedge and the price-reversal zone from
96.49 up to 97.19.  If prices fall this
morning we have buyers entering at the lows of the price-channel, and there are
three (3) double-top price-reversal levels below it starting at 93.75.  The biggest clue on this chart is the price-wedge
so look for fake-out-breakouts of short term trading ranges, buying the lows,
selling the highs, and avoiding the middle of the price-wedge today.

Euro Day trading strategy

The 4-hour
chart of the Euro shows us trading inside a strong bullish price-price-channel,
telling us the high-percentage-trades will be buying pullbacks near the lows of
the price-channel.  There is one concern
this morning, however that we are trading into the sell-zone from 3236 up to
3350 which is the MAJOR sell-zone from the last 180 days of trading.  This resistance above us has clearly held off
the buyers because we can see the candlesticks (circled on the chart) have had
a difficult time closing ABOVE the 3350. 
The big wicks to the recent candlesticks tell us that buyers have tried
and failed this morning, telling us that the sellers may have control for the
early part of the US trading session today. 
We will be looking for long term buying opportunities this morning at
the price-channel lows, 3265, 3232, 3178 and 3091.  Short term selling opportunities will be here
today as well, but we must remember that selling a bull price-channel is not
the high-percentage-trade we are looking for this morning.

Gold day trading strategy

The 4-hour
chart of Gold shows us BIG CLUES this morning as we head into the bottom-half
of the week.  We can easily see the
strong price-wedge structure we are trading in the middle of.  With a double-bottom at the lows, and resistance
levels overhead starting at 1412.1 we can see why the buyers and sellers are
having trouble breaking out of this range. 
This is easy trading for us in the live trade-room, with buying
opportunities at the lows, and selling opportunities at the highs.  We will avoid trading in the middle of the price-wedge,
and stay patient this morning to sell highs and buy lows as soon as the price-action
provides us with the opportunity.

Mini-Russell Day trading strategy

The Mini-Russell
has broken the major bullish price-channel and now forms a new short term
bearish price-channel as price-action moves off the all-time highs and big-round-number
of 1000.0.  We saw a double-top at the
highs of the range a few weeks ago, which is now producing strong support levels
starting at 963.5 and 950.5.  This bear price-channel
tells us to sell the highs of the price-channel at resistance and we can see
short term selling opportunities at the 977.0, 985.9 and 992.5 levels
overhead.  We can definitely use short
term buying opportunities at the lows of this price-channel, however be
prepared to take your profit-target at 977.0 and look for the short off the resistance.  If prices tumble this morning we will need to
stay patient and sell retracements with the proper market personality to
warrant selling short into the support below us.