Premium Playbooks
A major benefit of having PivotBoss Premium (Get Your 2-Week Trial Here!) is having advanced notice of key price levels to buy and sell for the markets we cover. I do this via video analysis each afternoon after the market closes, and then I provide charts with analysis and trade ideas soon thereafter, which I call Playbooks.
I provided the following RT Playbook to our Premium Members Thursday after the market closed:
As part of the analysis I wrote, “Bears are looking to defend a retest of 59.90, with additional targets at 58.13 and 56.88. Bulls want to keep 58.13 bid for a retest of 61s.” Keep in mind, this analysis was provided about 20 minutes after Thursday’s session, but played out perfectly during Friday’s market…as you’ll soon see.
I reiterated our analysis of Crude Oil during Friday’s pre-market report, and then provided the following RT Playbook, complete with our trade ideas:
Additionally, I wrote this morning, “Crude Oil bulls are currently defending 58.20, for a return to 59.90 and 60.79, while bears are selling 59.90 with targets at 58.20 and 57.20.”
$3100 Off Our Key Levels
Again, it never ceases to amaze me how accurate my analysis and levels can be, as the following chart of Crude Oil shows how price played off our key levels during Friday’s session:
Crude Oil rallied into our sell level of 59.90 and topped out at that precise level, and the proceeded to drop into our primary target of 58.20, reaching a low of 58.14 (just 1 tick shy of our 58.13 key level). This initial move was worth over 1.70, or $1700 per contract traded. Buyers then defended our buy zone of 58.13-58.20 and returned price over 1.40 higher, or $1400 per contract traded.
Again, just a fantastic day for Crude Oil, and a great way to roll into the weekend.
Have a great weekend!
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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