PivotBoss Crude Oil Analysis

Dissecting Crude Oil’s Big Day

Crude Oil had a huge day Friday, boasting a 4-point trading range and even had some after hours fireworks. Here’s a look at what happened to cause the rally into 48, in addition to a look at the footprint and VPOC cues that helped identify late-day weakness.

Futures Market Analysis

Premium NQ 01.30.15

NQ bulls defended prices below MCVAL yet again, which sparked a significant late-day reversal back toward 4200. Bulls will be looking to defend a pullback to 4158 for a shot at 4212 and 4270s. Bears will be looking to defend prices above 4212 for shot at taking MCVPOC offered thru 4158 and into 4080 and lower.