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Commodity Futures Market Weekly Analysis – November 13, 2017

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures.

S&P 500 Index

Emini S&P 500 index futures showed more signs of exhaustion from the bulls this week as the long term steep up trend slowly transforms into more choppy and sideways market action.

Even though price was able to post a new high for the week, pullbacks were frequent and down to the lows around 12563 region. Notably, price has been able to bounce off of temporary pullbacks thus far but the lack of authority from buyers continue to post a strong case of perhaps an impending major correction into the long term up trend.

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Is Trading A Small Futures Account Potentially Hurting Your Progress?

 

futures account

This article is the Opinion of Optimus Futures. The conditions and scenarios relating to a futures account below may or may not apply to your future or past experience.

When it comes to learning and mastering the skill of trading, it seems almost intuitive for new traders to start trading with a small futures account that they can afford to lose, akin to an “admission fee” for entry into the highly leveraged world of futures. However, there is an alternative school of thought that labels this conservative approach as a likely reason that may potentially be compromising their progress.

The Small Futures Account Mentality

Many traders starting out their trading career often fail to treat it like

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Commodity Futures Market Weekly Analysis – November 06, 2017

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures.

S&P 500 Index

Emini S&P 500 index futures traded in a range this week but managed to close higher yet again.

Compared to the momentum that the longer term uptrend had in the past (two to three months ago), the momentum as of now looks weak with deeper pullbacks and periods of selling coupled with bearish divergence, showing signs of the market perhaps craving for a midterm pull back into the uptrend.

Emini SP Nov 6 commodity futures market

We, however, do not believe this could be the top for the market. With continued signs of US economic recovery, the

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Support and Resistance Levels: An Order Flow Perspective

 

All technical traders are familiar with horizontal support and resistance levels in the market formed by prior occasions of price bouncing off of certain price levels. They are a foundational construct of technical analysis, and rather simple to spot and apply on charts. The simplicity that comes with dragging across a horizontal line on a chart is also what makes these levels so popular and widely followed by traders.

In this article, we will discuss how support and resistance levels can help you better filter trade setups when you combine them with order flow dynamics.

First – Let’s Talk Liquidity

Ideally, a nice mix of buyers and sellers are needed to make a market liquid, which prints on the chart as normally sized candlesticks either moving in a pattern or sideways. But

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Key Commodity and Futures Market Weekly Roundup: October 30, 2017

 

This is the opinion of Optimus Futures, LLC

Light Crude Oil

Light crude oil futures for December delivery traded in the range of $51.55 and $54.20 as the market heavily favored the bulls this week.

The start to this week’s trading was a casual one as price oscillated between the $51.5 and $52.6 support and resistance levels for a while before eventually breaking free of the resistance ceiling and breaking strongly for a sharp move up.

crude oil

Even as we are impressed by the momentum that price has exhibited so far to the upside, we caution against an impending major roadblock that is blatantly obvious on the higher time frames:

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