Market Analysis

Class action lawsuits have been filed In New York against prominent crypto firms.
While global oil diplomacy is crazier than ever, price pressure but, more importantly, diplomatic pressure will force action.
May corn futures made several attempts to rally last week but failed to hold those attempts through the close, which has kept the funds comfortably short. Friday’s Commitment of Traders report showed funds net short position at 99,925 contracts.
Each afternoon Ira Epstein gets you up to speed on what happened in the metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Big liquidation this week of a very profitable call spread position in EDU0 and EDZ0. In EDU0, the 98.75/99.375 call spreads were bought way back in September, paying between 7-8.5, with a majority bought for 7.5 ticks.
Saudi Arabia and Russia may agree to one of the most significant global oil production cuts ever, about 10-15% of the global supply. The market responded with the biggest percentage price gain in history.
Corn futures caught a midday bid yesterday on the back of oil prices surging as much as 30%. President Trump tweeted that Russia and Saudi Arabia had open lines of communication regarding a production cut of 10-15 million barrels per day.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
China and the U.S. are changing the dynamic in what IEA calls the worst oil shock in history.