Mini Russell Trading At The Highs of The Channel.

Russell Futures:

Mini Russell trading at the highs of the channel, so we have a price reversal opportunity getting short below 62.4

Profit targets are 61.0 (1/2), 57.8 (1/4), soft target at the trend line, and the hard final target all the way at the lows of the channel at 46.5 (1/4)



Russell Futures



Crude Oil Futures:

Crude oil is breaking out to the downside, but we cant take without concern because we have a trend line on our 34-range chart acting as strong support around 38-40, so we need to wait for a better entry position away from this trend line.



Crude Oil Futures



Gold Futures:

We are still trading sideways in the middle of the trading range on gold futures, which means the best thing we can do is to sit on those hands!



Gold Futures



Euro Futures:

– The euro futures are trading at the highs of the day, but we need to find another pattern on the 13-range

o We called the short entry below 12, and the trade worked for our first target, but we didn’t take it b/c of the 830am news today, so missed that one, and waiting for the next

o The best opportunity will come with a 2-step pattern reversal off the highs around 3140

o Look for the highs to be tested, look for the swing low to be as close to the highs as possible, and don’t be afraid to use the scalpers timeframe for a better entry.



Euro Futures

  



Sell At Highs On Euro