PivotBoss Pre-Market Video [October 20, 2021]: Narrow 4-Day Range in Crude Oil

OCTOBER 20, 2021 — WEDNESDAY AM

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The ES and NQ have developed narrow overnight and pre-market trading ranges ahead of the RTH Open. The ES and NQ are both trading just 24% of ADR. Expect further range-bound action, with an upward bias, until proven otherwise. Crude Oil has developed a narrow 4-day range, which is just 45% of average range. A FNL could lead to a nice upside break from this range down the road. Gold remains within the 1760 to 1800 trading range until further notice.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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