|1 min ES|
Positive interpretations of the PMI out of China has the S&P’s and commodity markets bid. 1410.50 upper line in sand.
Over the 1410.50 level buy stop probing into 1415 could gain momentum. The 1400 remains firm support with 1408 immediate.
Crude oil futures are bid this evening as well up .5% to 103.50, the price still remains under a downtrend which the price friday reactive negatively from.
My thoughts here.. below 103 could get soft into 102.15 area . over 103.75 will breach the downtrend putting 104’s on deck. 105 is the scene of the crime from thursday morning. could get tested.
|5 min CL|