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Major Futures Markets Day Trading Strategies
Crude 60-Minute |
Crude Oil is currently nearing wedge completion as we are beginning to get tighter and tighter this morning. I am going to be looking for this wedge to break. I am looking to buy higher up to above the wedge at the previous high at 101.97 as well as looking to short under the wedge to the last swing at 100.88 as well as possibly lower to the BMT at 100.46 which also is sitting at the next wedge lows.
Euro 60-Minute |
The Euro is currently sitting right up at the wedge highs as well as on top of the BMT currently at 1.3791. I am looking to sell this area right back down to demand back at 1.3771 – 1.3762 as well as potentially lower if the sellers can flood in to knock price to the wedge lows and demand below that at 1.3718 – 1.3702 where we can then look to buy right back up again.
Gold 60-Minute |
Gold has been in this descending wedge for quite a while now giving us some HUGE opportunities to sell it lower and lower for massive profits! We are now right back at the wedge highs again and holding them once more. I am looking to sell this market lower to the previous low down at 1277.6 and most likely lower under that to revisit the wedge lows once more.
Russell 60-Minute |
The Russell has caught quite a nice bit of buying over the past few days bringing price up to revisit the BMT at 1168.4. We are now also breaking above the wedge highs and the BMT showing us that the buyers are definitely in this move. I am looking to buy this move higher to revisit the previous highs at 1171.7 as well as higher to supply above us at 1179.5 – 1187.9 and up.
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