Looking To Sell Highs Of Crude Oil Futures

Crude Oil Futures:

– Crude oil is trading at the highs of the bearish channel on our 13 range chart, and im looking to sell the highs.

– I need to avoid the support levels around 75.60, so wait to break < 55 for entry short

– Profit targets are 43 (1/2), 30 (1/4), soft target 75.05 (1/4), and Hard final target are the lows of the day (trading range) 65 (1/4)



Crude Oil Futures Short



 Crude Oil Futures Up-Date:

Crude Oil Futures Long



Russell Futures:

-E-mini Russell futures are trading at the highs of the day, and the bullish channel, so im looking for a short entry below 58.2

– Profit targets are at 56.8 (1/2), 55.8 (1/4), and soft 53.0 (1/4), and then hard final target is the low of day 46.0 (1/4)



Russell Reversal Short



Gold Futures:

– Gold futures are also testing their highs, which means we’re looking for a short entry first, and the long entry second

– Entry long > 85.2 will be at the highs of day so its higher risk, with profit targets of 86.5 (1/2), 88.0 (1/4), and then final target is the top of the channel @ 1290.0 (1/4)

– Entry short will be < 82.1 and this price reversal pattern is the higher percentage trade b/c we are selling the highs of the trading range for today.

– Profit targets at 81. (1/2), 78.8 (1/4), and then final target is the low of the channel @ 1277.5 (1/4)
 



Gold Price Reversal Pattern