PivotBoss Pre-Market Video [September 29, 2023]: Crude Oil Rejection

SEPTEMBER 29, 2023 — FRIDAY AM

The ES, NQ, and YM are testing yHI early in the day, and could see an early reaction away from these levels with pre-market econ data due to be released. An upside push through yHI opens up some upside, but failure to hold yHI will return prices back to ONLs, and perhaps new lows ahead. Watch 15,000 closely in the NQ, 4350 in the ES, and 34,000 in the YM. Crude Oil is retesting 93 from below after Thursday’s big rejection day. Bears want to keep 93 offered for a return to 90 and 88 below. The next Gold pullback could offer a selling opportunity, as price returns to last year’s close price of 1830.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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