Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

Today’s spreadsheet of trade ideas, with stop loss & targets (delivered to subscribers every morning at 3am GMT).

WTI Crude MAY future:

1. 1. WTI Crude held above strong support at 8000/7950 & unfortunately we did not get a buying opportunity here yesterday. Longs here today need stops below 7900.
2. 2. We shot higher to my targets of 8180/8200 & almost as far as 8255/75, with a high for the day at 8248.
3. 3. Further gains are expected in the 4 month bull trend & above 8290 look for 8370/90 as the next target.
4. 4. Today’s support at 8140/8110. Longs need stops below 8070.
   Targets: 8200, 8240, 8290.
   
   

Emini S&P June Future:

Emini S&P: bulls remain in control, with buying the dips still the winning strategy, despite the market looking tired & I believe entering an overdue sideways consolidation.

• * Further gains are expected on the bullish breakout, targeting 5221/24 & 5338/42.
• * Obviously I remain a buyer on any weakness in the unstoppable bull trend.
• * First support at 5245/35. Longs need stops below 5225.
• * The best support for this week should be at 5195/85 & longs need stops below 5170.

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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.

Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Jason Sen, Director

https://www.daytradeideas.co.uk

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