May 18, 2020 — MONDAY AM
NOTE: Thank you very much for joining me for our Monthly Market Outlook webinar, which we hosted FREE in our PivotBoss Echofin Trading Room. To view the recording, log in to our trading room at https://pivotboss.echofin.co and view the PivotBossTV video playlist. You can also visit https://pivotboss.com here: https://pivotboss.com/2020/05/04/pivotboss-monthly-outlook-may-04-2020-talking-shak-tdoc-and-ww/
The ES, NQ, and CL have rallied strongly in overnight and pre-market trading. Perhaps most impressive is Crude Oil trading back at 32 and up over 8% this morning after breaking out from the narrow 7-day range we discussed last week. Look for a continuation higher for Crude Oil, with 35 in sight. Gold may be at a rejection point in the chart…watch 1765.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss