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Posted by Joseph James


Head Trader at SchoolofTrade.com. Motivator, Trader, Fund Manager and Educator. Joseph focuses on intra-day trading of crude oil, E-mini Russell, Gold, and Euro and his network of traders covers all corners of the industry.

Major Futures Markets Day Trading Strategies

by Joseph James on September 4, 2013

in Commodities, Technical Analysis

Crude 60-Minute

Crude Oil is pushing into the overall TZ to sell back to the lows and we are catching some resistance here. I am looking to sell this market down to 106.70 – 106.00 first and then further to the wedge lows. If we continue higher, I will also be looking for longs as we have just gotten a nice cross up. I will be targeting 108.83 to the top side.




Euro 60-Minute

The Euro is sitting at the top of its minor channel highs. I am looking to sell this back to the wedge and channel lows down at 1.3138. We do look like we are having a hard time pushing lower so I will also be looking for long trades if we push higher. I will be looking to target 1.3198 – 1.3227 to the top side.




Gold 60-Minute

Gold is pushing towards the wedge lows at the moment where we should see a bit of a bounce. I am looking to sell this move lower into the wedge lows before looking for long opportunities to take this back to the wedge highs and possibly higher for a blow-off to 1415.0 – 1416.4. 




Russell 60-Minute

The Russell is range bound HARD. We are currently smack dab in the middle of that range as well so I will be sitting on hands until we can get a decisive move up or down. I would like to see us test the buy zone below us or the sell zone above us before looking to enter. As this is a range bound market, we may see nice opportunities on the PRZ as that is a reversal trade.


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