Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is currently expanding the wedge highs this morning and continues to push higher from the lows back at 91.77. Overall I am looking long up to 94.25 first to revisit the last swing high as well as move higher up to 94.63 – 94.69 and the wedge highs above that. I would like to see Crude come back to the BMT first sitting at 93.54 first before going higher but the bias is solidly long today.

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Euro 60-Minute

The Euro has pushed above the BMT back at 1.3551 and continues to push higher to the wedge highs above. The Wedge above us has been tested several times and is a solid area to begin to look short. If we break above the wedge highs, we also have the previous swing at 1.3616 and a sell zone above that from 1.3618 – 1.3623. As we are currently sitting in the middle of the wedge we are going to need to wait until we reach the highs or lows before placing any trades.

Gold 60-Minute

Gold is currently expanding the wedge lows this morning and seeming to continue to want to push lower. We don’t have a lot of support underneath us to hold us up so I will be looking to sell Gold right back down, first to 1217.1 at the previous swing but overall lower to the wedge lows and further down as we continue our decent down. Until we solidify a wedge low it will be VERY hard to consider buying.

Russell 60-Minute

The Russell has continued to push down as we have now fallen below the BMT back up at 1128.9. This is a VERY bearish sign but we are currently sitting in a large buy zone that is seeming to prop this market up at the moment. My overall bias is still short as we are under fair value, but I will be looking to buy this market out of the supply zone up to the BMT and higher to the wedge highs around 1138 or so.

Come join us in the room and see how we do it!