Market Analysis

Crypto prices are trending lower today with bitcoin (BTC) down -2% at 2:00 CST. Spot volumes are again just ~60% of the 30-day average.
Oliver Sloup breaks down the trading day in grain futures markets.
The Energy Information Administration (EIA) reported a 2.2 million barrel (MB) build in crude oil supply helped by a 1.443 million release from the Strategic Petroleum Reserve (SPR), yet once again it was the oil import and export numbers that raised more eyebrows surrounding EIA data.  
The Department of Energy (DOE) reported Total Crude Oil Inventories increased by 2.2 million barrels to 449.0 million barrels for the week ending November 8, 2019, while the expectations average was for a 1.6 million barrel build.
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.
Interest Rate futures moved steadily higher throughout the session, closing just off their session highs. Rate futures implied volatility was up today, it’s just moving off its recent lows.
Crypto is lower today with volumes well below recent averages once again. Today marks the one-year anniversary of the 2018 bitcoin cash hard fork.
The rally in Cocoa futures higher this week is all technical. Once 2560 price level broke, 2600 was the next price level traders needed for the market to close above.
January soybean futures were making a push higher into the final hour of trade but hit a snag when reports from Washington said “US-CHINA TRADE TALK HIT SNAG OVER FARM PURCHASE”.
I am not sure if Bamwx Meteorologist Bret Walts makes the weather or just predicts it but yesterday he sure seemed to move the natural gas market! If you have been following the natural gas market lately, you know it has been moving on the weather.