Futures I'm watching for the week.
@QM QMG17 Crude Oil e-mini
Looking for a short to start the week. The 60 min, 240 min and daily charts are nearing bearish levels.
60 min- their are levels of supply on the 60 min at 53.85 and 55.100 for a level on level area of supply. The RSI is also at over bought. The aileron indicator is also indicating a potential change in trend with the magenta color bar.
240 min- The 240 min chart is nearing a supply zone at 53.775, RSI is nearing over bought.
Daily- Daily is nearing supply at 55.575, multiple magenta crosses on the aileron indicating potential bullish exhaustion. RSI nearing overbought.
Trade plan
Short on the hourly into the supply zone covering at the opposing area of demand. Go long at demand back to the supply zone. Finally short the daily supply zone covering at the opposing demand zone.
@W WH17 Wheat
Wheat has been in a downtrend. RSI on 60, 240 and Daily all at oversold levels. Looking to go long on trend reversal.
@C CH17 Corn
Corn is at demand on the daily. Has multiply levels of supply above it. Has been in a downtrend. RSI is at over sold on the 60, 240 and daily. Looking for the reversal back to the upside to go long.
@LC LCG17 Live Cattle
Live cattle has been in an uptrend. The 15 min and 60 min are both at demand levels. However the daily is nearing supply. The RSI for the 60, 240 and daily are at over bought. Looking for trend exhaustion and reversal on the daily to go short.
@FC FCH17 Feeder Cattle
Feeder cattle has been in an uptrend. RSI on the daily is at over bought. Looking for trend exhaustion and reversal to go short.





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