Frank Ochoa, aka PivotBoss, takes you through his early market outlook for 2015, providing analysis for the E-Mini S&P 500, E-Mini NASDAQ 100, and Crude Oil. We also announce our new 2-Week Trial Offer for PivotBoss Premium!
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So far, the first 10 sessions of December for Crude Oil have been exactly as we scripted for our Premium Members! Crude Oil began the month with a bounce into the weekly pivot range, where bears absorbed demand and took price offered into our key targets at 61.86 and 58.04 – an 11-point move overall! [WITH FREE LESSON]
Continue to watch the 76.57 key level in Crude Oil. Bears want to defend this level for a shot at running sell stops below 74s, and into expansion targets at 72.68 and 69.30. Bulls want to defend 74 for shot at squeezing bears through 76.57 and into 79.85.
Crude Oil futures [NYM: CLZ14] has experienced steady selling pressure ever since price topped out at 95 late in September. Price has sold off 16 handles since the 95s, but appears to have finally found rejection below 80.
