July 02, 2019 — TUESDAY AM
The ES, NQ, CL, and Gold are all trading in narrow ranges in pre-market trading ahead of 4th of July this week. The expectation is for further narrow range trading throughout much of the week. Crude Oil has developed a 5-day narrow range, which could help trigger the next breakout move soon. A failed breakdown could open the way for another move higher. Gold has pulled back from recent highs, but is beginning to find support at the monthly pivot range just above the 1375 CLVN, which remains the key level to watch. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
This video also includes: E-Mini S&P 500, E-Mini Nasdaq 100, Crude Oil, and Gold.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss