July 24, 2019 — WEDNESDAY AM
The ES and NQ are still trading within their respective trading ranges, which have developed throughout the course of the month. We could see further range-bound trading activity ahead of next week’s FOMC Meeting. Crude Oil has developed a narrow trading range over the last several sessions, which could finally fuel expansion ahead. Yesterday’s API report came out with a large draw, which could foreshadow a larger-than-expected draw in today’s Inventories report, which could potential trigger expansion in this market. Gold remains bullish, but keep an eye on resistance at 1430. 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