Two Trading Options For Crude Oil Right Now

Gold Futures:

We have the gold futures at the highs of the day again, so we have 2 options

o Buy the highs above 08.8 but this will be higher risk

o The better option will be to sell these highs below 1305.6 with targets of 2.9, 2.0, and then down to the top of the wedge at 98.5 for the final target.

**up-date on gold** we also have an entry short below 1306.4 which just formed.



Day Trading Gold



Crude Oil Futures:

– The crude oil futures have defined a sideways trading range from 76.57 down to 75.53

– Im looking to buy the breakout entry long above 76.62 with targets of 75, 95, and all the way to the top of 77.12

– I cant see a good entry short because the middle of the range will be too dangerous

– I can wait to buy the lows of this range if we cant break the highs, looking to buy above the lows 75.52



Day Trading Crude Oil Futures

  

Russell Futures:

– We bought the lows of the Russell at 59.4 for a nice big winner filling all of our profit targets and flattening at 63.0

– Now we see the Russell looking to continue this move, and we are ready to enter long above 65.4 with targets of 66.5, 67.7, and then all the way up to the highs of 70.2 for the final target.



Day Trading Russell Futures

Euro Futures:

– The euro futures are trading sideways at the highs of the channel, so we should look for the reversal pattern for a short entry.

– The key is we need to get below the trigger line (yellow) before we get short.

– Entry can be below 36, but needs to be below the trigger line, whichever is higher.

– Profit targets will be 20, 14, and then all the way down to the trend line support at 93 for the final target.



Euro Day Trading Futures