Welcome to the Traderfy Trend Premarket Overview for September 14, 2015 and a review of $ES_F, $ZB_F and $CL_F
E-mini S&P500 – $ES_F
This is the week we have all be looking forward to for some time; the FOMC interest rate and notes release. Currently, the $ES_F is showing a price channel coming out of Sunday trading making is more difficult to ascribe a trend direction. Price is above out 200 SMA measurement of being in an uptrend, however, our offset line is plodding through prior candles leaving us with a murky trend definition at best.
Bond Futures – $ZB_F
On the other hand, Bond Futures are more clear, showing us that it is in an up trend based on both the 200 SMA and the offset line. Important levels are discussed in the video below.
Crude Oil Futures – $CL_F
Crude Futures are continuing the downtrend from Friday where multiple levels of resistance overhead at 44.80.
Have a great trading day and be sure to keep Traderfy Realtime open for up to the moment market news and information.