Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has caught a significant amount of selling pressure yesterday where we saw prices fall from the highs back in the 103’s all the way down to upper 100’s. This sell off extended the wedge lows where we had a bit of buying come in but eventually fell lower again. I am looking to sell this down to demand at 100.37 but also buy up to retest the wedge lows around 101.10 or so.

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

Euro 60-Minute

The Euro FINALLY broke out of its wedge once it reached a crazy 96% completion. This is VERY atypical as it normally begins to breakout around 70-80%. This push higher was very choppy but did end up going above, coming back for a retest, and then move higher. I am looking to buy this market up to supply from 1.3781 – 1.3793 as well as above that back to the wedge highs.

Gold 60-Minute

Gold is currently reaching its wedge completion time and is actually getting a bit past. I am going to be looking for breakouts instead of the typical fake out’s to see price push and expand this wedge. I will be looking to buy up to the previous high at 1342.0 and higher above that as well as looking short under the wedge to the previous swings sitting at 1331.3.

Russell 60-Minute

The Russell has been a slop and chop mess the past day or so after we saw the HUGE rise higher into 1212.6. As we are sitting at the highs I will be looking for price to dig into supply from 1208.6 – 1212.5 where I will be looking to sell this market lower back to 1201.0 first but overall targeting a larger move back to the BMT at 1182.4 and the wedge lows under that.

===========================================================