Good morning traders and welcome to today’s Traderfy Trend Premarket Overview for September 11, 2015.
E-mini S&P500 Futures – $ES_F
This morning I wanted to show you a slightly more aggressive method for defining trend in our post about the futures premarket trends. The video below shows our use of an offset moving average help guide us in defining trend movement. As we look at the E-mini S&P 500 that method of an offset moving average tells us two expect early movement in a down auction an I consider the $EX_F to be in a down trend for the morning.
Bond Futures – $ZB_F
On the bond futures front, the offset line is dictating an up auction and approaching the rolling resistance one level. Therefore, until proven otherwise, we will consider bond futures to be an uptrend.
Crude Oil Futures – $CL_F
Early this morning crude oil futures transitioned into a down auction and is in the process of retracing half of the move made yesterday.
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