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Major Futures Markets Day Trading Strategies
Crude 60-Minute |
Crude Oil did end up having EXACTLY what we thought yesterday with a quick blow-off before continuing lower. Now we have created a minor wedge which we are at the lows of. I will be looking to buy this back up to 104.29-104.52 but with the overall bearish move, I will also be looking for short signals to push lower to 103.15.
Euro 60-Minute |
The Euro is trading at the highs and failed to close above the highs. We might have just had a blow-off at the highs before failing back lower. I am looking to sell this market back down to 1.3270 first, then 1.3250-1.3241 to the channel low.
Gold 60-Minute |
Gold Futures is bouncing off the BMT and the wedge low. I am looking to buy it back up to the 1331.9 to the wedge highs. We are about 70% to completion of this wedge which is when you start to see these levels fail. If we fail lower I will look for short opportunities back to the BMT at 1317.8.
Russell 60-Minute |
The Russell is approaching the minor wedge high after breaking through the BMT. I am looking to buy it up short term to sell it back down once we reach the wedge above.