AUGUST 13, 2024 — TUESDAY AM
The ES, NQ, and YM have traded within 2-day narrow ranges ahead of important PPI and CPI data this week, which could trigger a high-range move ahead. ES bulls need above 5400, but a rejection of prices above this level will lead to another move within the developing narrow ranges below. Crude Oil rallied in big fashion Monday, with an approach toward 80.62. Expect today to be a range-bound day for Crude, and for Gold, as well.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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