Weekly Commodity Futures Market Analysis | Optimus Futures Blog

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 on December 24.

Notably,

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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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Commodity Futures Market Analysis – January 21st, 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&P500 Emini futures market last week erased more losses from last month as positive developments relating to the country’s trade relations with China continued to woo investors.

S&P Emini Commodity Futures Market Analysis January 21st 2019

The week prior to the last one, we had cited the importance of the 2600 round number as a crucial test of resistance for the market. Notably, we saw sufficient bullish momentum to see price make a confident move past that level to continue building more upside momentum last week.

We now look forward to seeing the 2600 level

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