08/10/2016 ES Level Recap
Price Level Recap
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Aug 102016
Another directionless overnight session on light news flow. Oil saw some pressure after API inventory numbers came in higher than expected yesterday. Focus will be on today’s 10:30am EST Crude Oil Inventories report. The bulls continue to fight to make new highs and unfortunately, most of this week’s potential market moving numbers are not released until Friday morning. The bulls are looking and waiting for a reason to run. Size bias is long on light volume into the US session open.