Weekly Commodity Futures Market Analysis | Optimus Futures Blog

Commodity Futures Market Analysis – October 15th, 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 produced a major correction into the uptrend as price retracted sharply back down, almost testing the 2700 level as concerns relating to unsustainable economic growth and heightening trade tensions between the US and China ate up investor confidence.

S&P Emini Commodity Futures Market Analysis October 15th 2018

Fearing the US economy may not be able to sustain current growth levels and the possibility of an impending rate hike sent the market pulling back sharply into the uptrend – reminiscent of the sharp pullbacks witnessed back in March and February of this year.

However, fundamental

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Commodity Futures Market Analysis – October 8th, 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 responded to broader market concerns and knee jerk reactions stemming from the recently reshuffled communications sector within the S&P 500 index as well as news relating to the spike in long term borrowing costs spurred by a batch of upbeat US economic data.

S&P Emini Commodity Futures Market Analysis October 8th 2018

The last two daily trading sessions the prior week accounted for most of the bearish activity as the market pulled back down to rest the critical 2900 price level and the nearby long term horizontal support

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Commodity Futures Market Analysis – October 1st, 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 could not post a new all-time high last week amidst increasing concerns over trade conflicts with China, keeping investor sentiment rather constrained for the week. Overall, the market seems well-poised to continue climbing closer towards the 3000 big round number mark.

S&P Emini Commodity Futures Market Analysis October 1st 2018

Notably though, the end of last week marked the broader S&P 500 index’s strongest quarterly gains since 2013, mainly on the back of solid corporate earnings reports and a generally strong economy. The index gained 7.2% in the quarter ended

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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

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Commodity Futures Market Analysis – September 17th, 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 rebounded off the key 2880 support and resistance level last week, as the uptrend remains intact.

S&P Emini Commodity Futures Market Analysis September 17th 2018

Partially buoyed by a spike in chipmaker stocks and the renewed interest of potential trade talks between China and the US, the market continued to edge higher, although we did not see an authoritative new all-time high for the market. That however does not discourage us from seeing more upside for this market in the coming weeks.

Long term we still have eyes set on

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