Gold has traded above $1400 for the first time since September 2013 and the metal is breaking out above its 5-year ceiling.
R.J. O’Brien Futures Broker announced several promotions, giving new responsibilities to key executives as a reflection of the firm’s continuing global growth.
There once was a time not too long ago that you did not want to be short Crude Oil into the weekend with escalating geopolitical tensions.. Last night, President Trump authorized a military strike on Iran but called it off after back-channeling through Oman and letting Iran know that Washington would rather talk.
CTA Trend Followers on right side of equities indicies, metals and G10 fixed income.
Grain futures profit taking, and position squaring continues as we inch closer to the end of the week and July option expiration.
Crude Oil futures has been awaiting a moment to ignore bloating U.S supplies, growing U.S production and slimming demand. Yesterday was that day. Crude roared higher along with risk assets in a central bank induced frenzy.
Natural gas futures and live cattle futures are beginning to form constructive bottoms. We are looking for technical buy setups in futures and highly correlated ETFs.
Soybeans higher on heavy rains that are stalling planting. We traded above the $9 per bushel level which was a resistance level and now will be a support level. Soybean futures are currently trading at $9.10 per bushel.
This Wednesday all eyes are on the FOMC meeting with statement release and press conference. Markets anticipate a dovish stance on both.
Prices last week in WTI Crude Oil Futures fell 2.7% and closed at $52.50 per barrel. Last week supply concerns pressured energy markets. Although, after a tanker explosion on June 13 prices and volatility were briefly higher.