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10 Chart Patterns Every Futures Trader Should Know

 

This article on futures trading chart patterns is the opinion of Optimus Futures.

If you want to succeed as a day trader or swing trader, you must know your chart patterns inside out. Since not all chart patterns have the same success rate, it helps to know the most common chart patterns and how to trade around it–meaning, knowing how to manage a trade or take alternative entries (long or short) if a pattern fails. We can help you with the first part.

Here are ten futures trading chart patterns which can help you understand the balance between buyers and sellers in the market. Let’s go over each pattern and explore what it might reveal about the overall market sentiment.

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Commodity Futures Market Analysis – September 24th, 2018

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures. Click on the charts below to enlarge it.

S&P 500 Index Futures (ES)

The S&P 500 Emini futures market last week appeared largely unperturbed about the trade concerns with China, as higher volume lead the market towards a new all-time high, ahead of major sector reshuffle slotted for Monday.

S&P Emini Commodity Futures Market Analysis September 24th 2018

The telecom sector within the S&P500 index is to be expanded to include some of the heavier volume stocks including Amazon, Facebook and Walt Disney Co.  The change was welcomed by traders and investors, further fueling price gains for the market through the latter half of the week.

On the technical front, this optimism was printed into a strong looking bullish engulfing candlestick pattern

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Commodity Futures Market Analysis – September 10th, 2018

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures. Click on the charts below to enlarge it.

S&P 500 Index Futures (ES)

The S&P 500 Emini futures market pulled back to the all-important former resistance area and all-time high around 2880, which we had identified last week as a strong possibility.

S&P Emini Commodity Futures Market Analysis September 10th 2018

The selloff last week was mostly driven by the tech sector, with disruptive steaming service Netflix taking the driver’s seat posting a 6.2% drop. Other tech stocks like Amazon and Microsoft followed suit. Notably though, the market may still see the impending NAFTA talks between the US and Canada as a potential catalyst for more buying activity in the market.

On the technical front, the pullback to the 2880 level was

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Commodity Futures Market Analysis – August 13th, 2018

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures. Click on the charts below to enlarge it.

S&P 500 Index Futures (ES)

The S&P 500 Emini futures market marked a minor retracement into the uptrend, falling short of touching the all-time high for the market around 2880.

S&P Emini Commodity Futures Market Analysis August 13th 2018

The lack of any major fundamental catalysts last week as well as the end of corporate earnings season left the US equity markets struggling for buy side momentum. The bearish close on Friday means, that not only is the market now a little farther away from printing a new all-time high, it may also potentially be signaling at a deeper retracement into the uptrend possibly testing the 2800 round number and horizontal support and

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Commodity Futures Market Analysis – August 6th, 2018

 

The following Commodity Futures Market Analysis is the opinion of Optimus Futures. Click on the charts below to enlarge it.

S&P 500 Index Futures (ES)

The S&P 500 Emini futures market last week made the all-important pullback to the 2800 round number and horizontal support and resistance area allowing for more reasons for analysts and investors to expect more bullish activity from the market this week.

S&P Emini Commodity Futures Market Analysis August 6th 2018

With the initial push through the 2800 price level in the week prior to last one, the retest of the level had important significance in terms of allowing the bullish momentum to continue. We witnessed that last week when price pulled back, it used the level as support and propelled further up north.

Going into this week, we expect

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