PivotBoss Pre-Market Video [May 12, 2023]: Buy the Dip in Crude Oil?

MAY 12, 2023 — FRIDAY AM

The ES, NQ, and YM continue to trade within narrow ranges for the day and for the week, as these markets remain reluctant to see expansion. The ES is at the center of the its large, developing expanding range, so more chop could be seen until a move to an edge occurs. A rounded top has started to develop in the YM, which could ultimately mean weakness ahead. This pullback in Crude Oil may be a great buying opportunity for a continuation to 76-77 above. Gold rejection developing at yLO.

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