Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is setting up in a VERY nice potential bounce area here. We are in an overall buy zone after breaking the wedge highs as well as sitting directly on top of the BMT at 105.84. We have an overall short target from the rejection at 107.71 down at 104.91 so I would expect to see a bit of a further push down. I am looking long in the short term back up to 107.41-108.82.

Euro 60-Minute

The Euro is failing back towards the BMT at 1.3239. I am looking short to the BMT with a bit more of a push lower to the trend line low and even possibly down to 1.3187. If we get a bounce at the BMT at 1.3239 I will be looking long for a test of the 1.3271 area.

Gold 60-Minute

Gold pushed up to the BMT and is failing pretty hard back lower. I am looking short down to 1287 – 1282.4. When we see a failure off the BMT, it is typical to see a bounce half way back first before failing all the way back lower. If I start to see a bit of buying pressure on the way down I will also be looking for longs.

Russell 60-Minute

The Russell is struggling to push past these highs at 1059-1059.6. I am looking for a push lower to test the trend line below before getting a third attempt at pushing through the highs. If we continue lower past the trend line, I will be looking short back to 1051.8-1051.6 as well as a blow-off to the wedge high retest.

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