Good morning traders and welcome to the first trading day in September 2015.
Pre-Market E-Mini S&P $ES_F
This morning we find the S&P 500 futures having dropped a quick 20 handles not long after yesterday’s close and an additional 20 handles into today’s pre-market. Currently trading at around 1918 having just breached the three day rolling low. This puts us in a downtrend into the opening bell. You can find specific levels of importance in the Traderfy Trend video below.
Pre-Market Bond Futures $ZB_F
Bond futures have just gained enough momentum to push it back to the 200 simple moving average that we use to define up or down trend. Currently the December contract is above the three-day rolling volume weighted average price at one 155’04 as an important level. Consider the $ZB_F to be in an uptrend for the start of the day.
Pre-Market Crude Oil Futures $CL_F
Crude oil futures have been in an uptrend, and continue to be today, that started in the middle of last week. We will continue to treat crude oil futures as being in an up trend as we look forward to the numbers being released on crude oil inventories Wednesday.