Futures Market Analysis

Premium NQ 02.27.15

NQ bulls continue to defend the CLVN at 4425-27 for a shot at 4474.50 and higher. Failure to hold above 4425 opens up a retest of 4400, with a shot at rotating into 4322-4343.2, which is another zone where bulls will want to defend.

PivotBoss Crude Oil Analysis

Major Rejection Below CLVN in Crude Oil

Crude Oil prices dipped briefly below the volume ledge in the composite profile at 48.68 and experienced a sharp rejection of prices on large volume. This rejection implies a move back to 49.71, with a shot at reaching 50.36 by the end of the day, and 52 by the end of the week. Failure to hold above 48.80 opens up a retest of lows.