Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil was bouncing between the two TZ Buy and Sell zones above and below as well as rejecting the BMT. Every time we attempt a new high we only wick past and fail back lower. I am looking to sell short for a failure through the BMT down to 105.70 and potentially lower. If we continue higher, I would like to see a push past the 107.69 level before looking wholeheartedly long.

Euro 60-Minute

The Euro is pushing higher into a new wedge high. This new high is untested and until we get that test is still forming. We have rejected the BMT after bouncing off of it 5-6 times. I am looking for a move higher to the LC Sell Zone above before falling back lower. If we push lower from here I will be looking for another test of the BMT down at 1.3244.

Gold 60-Minute

Gold continues to keep pushing lower after rejecting the BMT and is quickly approaching the 1282.4 low. I am looking to continue selling for a blow-off of that low before getting a  bounce back up to retest the wedge low we just failed through. We saw price get hung up there for several hours before breaking through so I would imagine a retest of that area could cause some interesting price action.

Russell 60-Minute

The Russell is forming a very tight wedge at these highs. We are nearing the 70% completion zone right now so a failure should happen soon. I am looking to buy the market back up to the wedge high before failing back lower. If we move lower right away I will also look to sell it down to 1054.7 and possibly lower to 1051.8.

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