Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is currently expanding the wedge highs and pushing higher through the supply zone from 94.85 – 95.07. If we break above the previous high at 95.07 that will invalidate the supply zone and should move higher. I will be looking for long trades up to 95.76 but we should also be looking for shorts to come back to test the wedge as support.

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Euro 60-Minute

The Euro has pushed into a demand zone from 1.3526 – 1.3506 and has started to push higher after the hard sell off we saw on the 17th. We have also bounced off of the wedge lows around 1.3520’s. I am going to be looking for longs back up to demand from 1.3547 – 1.3567 and possibly higher up to the BMT at 1.3602 which is also on top of the wedge highs.

Gold 60-Minute

Gold has strongly pushed below the wedge lows and the BMT back at 1243.2 as well as breaking below demand under the low at 1235.8. This is signaling a potential larger sell off further down to 1224.2 at the next area of demand. I will be looking continued short with this market down to 1233.5, 1226.6, and finally the next demand area at 1224.2 where we should see the next bounce back up from there.

Russell 60-Minute

The Russell is currently expanding the wedge highs and all time highs as well. We do have a supply zone to deal with from 1172.5 – 1173.1 which the sellers did defend but quickly lost and snapped right back up again. I am looking to buy with this strength higher up to the wedge highs and higher. I will initially be targeting the 1176’s where the next wedge high is above us.