Futures Trading Blog
Large Sell-off in Stock Index Futures on Coronavirus Fears
Stocks fell sharply on Monday, with Dow Jones Industrial Average losses reaching 1,000 points. The number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading. The Dow traded 1,025 points lower, or...
Cocoa Futures Continue Uptrend
Analysis… March Cocoa closed up $14 at $2,914 a ton yesterday. Prices closed near mid-range and hit a contract high. The cocoa bulls have the solid overall near-term technical advantage. There are no early technical clues to suggest a market top is close at hand. The...
Euro Currency Futures’ Down Trend Continues
Analysis… The March Euro currency closed down 17 points at 1.1005 yesterday. Prices closed near the session low and hit a contract low. The bears have the solid overall near-term technical advantage amid a five-week-old price downtrend on the daily bar chart. The Euro...
Gold Futures Prices are on the Move.
Analysis... April gold futures closed down $28.00 at $1,544.40 yesterday. Prices closed nearer the session low and hit a three-week low. The bulls still have the slight overall near-term technical advantage but are fading as a three-month-old price uptrend on the...
Crude Oil Futures in Downtrend
Analysis… March NYMEX crude oil closed down $0.99 at $50.56 on Feb. 3, 2020. Prices closed near the session low and hit a 13-month low. The bears have solid overall near-term technical advantage amid the recent steep downdraft. However, the market is now oversold and...
Live Cattle Futures Spread
Market: Live Cattle futures spread Exchange: CME Opportunity: Buy Dec’20 Live Cattle (LE) futures @ Market / Sell Aug’20 Live Cattle (LE) futures @ Market on or before January 7, 2020. Specifics… Gross profit target is 125 points per spread. Risk 50 points per spread....
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