NYMEX:CL1!   Light Crude Oil Futures
October 9th 2023 5:00 am Most of the markets that we have been watching have been trading lower and had reversal patterns to go higher and most of them have gone higher since the reversal but it wasn't always easy trading. The ES hit the 382 and it started to move lower which normally means that the market is going to make a new low, But I really thought there would be more of an upside move on the ES before we would see the reversal so I have mixed feelings on this. Silver had a nice move higher from the bottom even though buying the market at the bottom was not easy... and there was a nice reversal lower at the 382 which is normally a Bearish indicator... so I talked about that a little bit. Well went up four points from the support, Not nine points as I stated in the video... and it did correct to where it had gapped higher... and I discussed how I would handle that... we need the next bar to make a decision.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.