WTI crude oil had a nice rally last week, but I believe that rally will stall and the oil price will come back down.
The S&P 500 futures are up 5% today, bumping up against a key resistance area just below 2150.
September job numbers were slightly lower than expected. Markets should not be responding to policy moves in the press.
Market remains in sideways range since Brexit vote. Jobs number will cause a break out or break down.
The USDA report is coming and will bring new opportunities. Watch the fund and long term trends in the grains.
The U.S. stock market indexes lost 0.6 to 1.1% on Wednesday, retracing their Tuesday's advance, as investors reacted to economic data releases, among others.
EURUSD fell sharply lower last week which confirms a continuation of a downtrend.
The Stochastic indicator is quite a popular tool for commodity traders (including those interested in trading crude oil and precious metals) and it is not without a reason.
The S&P 500 by all appearances should have performed well following the struggle and break above resistance from mid-February. That did not happen.