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
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Comment below with your opinions and questions.
Rob
Mv3 Trader
“Trade Consciously”
