Premarket Insight
Once again Nasdaq futures testing key support level indicated by the 100 SMA. With yesterday’s inside day candle, key areas to watch will be 7454 (long) and 7290 (short) for a major move opening up a short-term trend. Economic Outlook has PPI insights in at 08:30 today. Also, market analysts are watching Hurricane Michael to introduce some abnormal volatility in oil instruments.
Volume check as of 08:00 EST shows normal strength in the premarket with CLX18 above the 100K of volume mark. 6EZ18 and GCZ18 should be crossing the line before the open bell. GC, CL, and 6E trading sideways so far in the premarket.
COB Recap
Total Loss $-855
- TST = $-305
- AMP = $-550
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Rob
Mv3 Trader
“Trade Consciously”
