Eye On Crude Oil & ES

Good Tuesday Morning, MPTraders!  March 10, 2026-- Pre-Market Update:  

-- Crude Oil and ES are still top of mind:

The near-term charts shown below indicate that a sustained climb in April Crude above 91.50 will trigger upside continuation to 95.00-97.50, and perhaps to 100 again.

Will Crude Oil strength negatively impact ES, or will the index ignore and divorce itself from the recent inverse relationship to Crude? As long as ES is trading above or within support lodged between 6740 and 6767, the bulls will remain in directional control after yesterday's powerful upmove. 

Conversely, if Crude starts climbing again, and ES presses through support from 6767 down to 6740, then we are back "in the soup" again, watching crude as a directional trigger for the stock indices... Last in ES is 6780, last in Crude is 91.40...

Next Up: ORCL Update-- Earnings after today's close...