Weekly Commodity Futures Market Analysis | Optimus Futures Blog

Commodity Futures Market Analysis – February 25th, 2019

 

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 E-Mini futures market remained strongly bullish despite some weak economic data for the country this past week.

S&P Emini Commodity Futures Market Analysis Feb 25th 2019

Philadelphia Federal Reserve business index fell to a negative 4.1 this month after being as high as 17 in just one month prior in January. This is the lowest recorded level for the index since May 2016. IHS Market also dropped some negative numbers last week saying its US Manufacturing Purchasing Managers’ index dropped to 53.7 in February, down from 54.9 last month to its lowest level in 17 months.

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Commodity Futures Market Analysis – February 18th, 2019

 
 

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 E-Mini futures market last week continued to push higher riding on investors’ confidence that renewed relations between the US and China will spur more economic growth and lead companies to post better results in the near future.

S&P Emini Commodity Futures Market Analysis Feb 18th 2019

We noticed the market found formidable support at the 2700 long term support and resistance level and continued on the sharp rise up taking lead from the bullish momentum that has now seen lead the market to post a near 18% gain from the last major low

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Commodity Futures Market Analysis – February 11th, 2019

 
 

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 closed on a neutral note as sharp periods of buying activity in the weeks prior lead to the market possibly taking a breather past the all-important 2700 round number.

S&P Emini Commodity Futures Market Analysis Feb 11th 2019

We acknowledge the strong evidence of support and resistance at and around the 2700 level and the push past this level from the buyers last week as a considerable achievement. The latter half of the week, however, belonged to sellers who bid price lower, allowing the market to retest the

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Commodity Futures Market Analysis – February 4th, 2019

 
 

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)

Several stocks in the S&P 500 market last week closed out their best January in three decades as the broader market continued to be spurred by a strong US economy and developing relations with China.

S&P Emini Commodity Futures Market Analysis Feb 4th 2019

The S&P 500 E-Mini futures market remained sharply bullish, especially near the end of the week where yet another solid jobs report lent even more confidence for buyers, while strong earnings from some major technology companies such as Facebook added a further catalyst to the rally.

Last month, the Bureau of Labor

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Commodity Futures Market Analysis – January 28th, 2019

 
 

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 E-Mini futures market last week was mostly neutral as a sharp move above the 2600 level was met with a retracement, which was then followed by yet another mini rally towards the end of the week leaving the market hungry for one-sided momentum.

S&P Emini Commodity Futures Market Analysis January 28th 2019

The lack of continued bullish activity from the week prior to last one was already on the cards though, given how the market’s rapid move past the 2600 level left the need for pullback to the level, while potential resistance from

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