Premarket Insight

As indicated by the doji candle from yesterday on the daily chart, trading was nondirectional. While the Fed was busy making plans for the economy, traders were cautious to participate in the market. Also, oil receiving bearish attention as a result to inventory news and geopolitical tension between the U.S. and Iran.

Premarket volume check showing normal activity in the market. CL’s volume has officially migrated to Z contracts. CLZ18 being the only one above the 100K mark as of 07:30. So far, GC and NQ trading sideways. 6E is sideways to bullish, retracing yesterday’s selloff while CL trades bearish with strength.

COB Recap

Total Loss $-85

• TST = $-85
• AMP =$0

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

Busy day ahead of us as Economic Outlook shows building permits, crude inventories and FOMC on the calendar. Plus with Netflix’s strong reaction to earnings, should be another day of interesting price action in the market. Keep in mind, typical morning session before Fed news in the afternoon tends to be low on volatility.

Premarket volume check at 07:30 EST showing moderate strength. CLX18 and GCZ18 about 4K away from crossing 100K of volume mark while 6E is not far behind.

So far, CL and GC started off the futures sessions in a bearish mood but GC has retraced its drop completely, currently up +0.17%. NQ pretty much trading sideways in a range and rejected at yesterday’s high. Coming into the premarket, 6E slowly grinding bearish.

COB Recap

Total Profit $125

• TST = $200
• AMP =$-75

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”