The market tried hard, but never reached the trigger for entering a trade in the ES.
In the oil market the price whipsawed around Nat’s control line without ever establishing a clear direction or a good entry point.
The intraday range in both markets was less than we have seen in the early part of the month. May have something to do with the end of the trading month on Friday, or it may be that the character of the market is changing again. We’ll see.
Here are the charts for today. Click to enlarge