Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude went down to the BMT around 96.80’s as well as a large demand zone stacked right on top of that from 96.90 – 96.32. If that wasn’t enough we also had the wedge lows inside that area as well. I am looking aggressively long with all of these signals firing off at the same time for strength to the upside targeting 98.24 at the wedge highs as well as supply starting from there to the highs of 98.59.

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Euro 60-Minute

The Euro is wedging VERY tightly and has far surpassed the normal completion area of a standard wedge and because of that I will be looking for breakouts rather than FOBO’s. If we begin to break the high side I will be looking long to the next supply zone starting at 1.3533 up to the wedge high at 1.3574. If we break lower I will be looking short down to demand at 1.3465 and the previous swing at 1.3462.

Gold 60-Minute

Gold  has been bottoming out at the demand zone from 1243.5 down to 1237.9. We do also have the wedge lows floating within that area as well adding more support to the long side. We may be under the BMT which is normally bearish but there is a TON of support coming in. I will be looking long from here up to supply and the BMT sitting at 1251’s.

Russell 60-Minute

The Russell has pushed once again up to the wedge highs. Every time we have visited the wedge highs it has been respected almost to the tick. Now that we are right back at those highs again inside a supply zone I am going to be looking to sell this right back down to demand starting at 1119.3 and lower down to the wedge lows and previous swing at 1115.7.