Pre-Market Prep For ES & CL
Disclaimer: This prep is posted for your reference and learning. This is not financial advice nor trade ideas you should execute. Past performance is not indicative of future results.
0830 USD GDP, Etc
1030 NG Inventories
Trade Plan Video
We need to get below and hold 3240s for the short bias to continue. If we can hold above 55 then I would look for the gap to fill.
Crude took a similar O/N imbalance. Both are no longer accelerating and are starting to try and stabilize. Today I would not be looking long unless we break above LIS however do expect a bit of buying pre-market here until the open where we can have an open rejection reverse type of day.