Page 13 - Soft Commodities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New All Time Highs Fail To Hold Amid Capitol Takeover After trading in a 49.25 handle overnight range, the S&P 500 futures opened Wednesday’s cash session at 3702.00, traded the daily low of 3695.75 in the initial minutes before heavy buy programs came in pushing the index futures higher throughout the morning up to 3770.50 just before noon, then to a daily high of 3774.50 during the noon hour. The afternoon saw a sideways chop until events began to escalate at the U.S. Capital, triggering some selling down to 3730.00 for the afternoon low in the final minutes before rallying to settle at 3...

Last Tuesday I wrote, “the ESH21 is back within striking distance of its 3724 all-time high.”  It took the entire week, but the ESH21 finally reached and probed the 3724 high to set a new 3732.25 high on Monday.  We are now in the last week of the year where many of us have shut down our trading operations for 2020.  This generally means lower volumes, some price whippiness, and lower daily ranges.  Historically, the week is bullish until the last trading day of the year when many sell their losing positions for tax saving purposes. A $900B coronavirus relief bill has been signed, a $...

Crude is technically on a buy signal but needs a close above 49.50 to move higher. Our outlook is that it will be difficult to make a good close above that level. GMTT expect Crude to make another “unexpected” nose dive in the near future. However, for Crude to confirm a sell signal we need to see February Crude close below 46.05   Short term downside target for XLE is 35.15, then followed by a move towards 24.90.   Global Indices, VIX, a selection of stocks, Treasury Bond, Commodities, Soft Commodities, Currencies, and Bitcoin. Signup for a free 14-day free trial which you can subscri...

Last week I wrote, “If the ESH21 can clear the 3618-3620s structural support, it could be in for a tumble.”  The newly identified UK Covid strain and the lockdowns on southeast Great Britain which includes London created fear.  That fear sent the ESH21 down for a strong test last week’s inside 3618/20s support area during Monday morning’s European session.  Price probed 360 before snapping back.  Thus, last week’s 3619-3620s support area was not cleared and has now the support area has been expanded.  The newly identified UK Covid strain, a likely fifth coronavirus relief packa...

S&P 500 Futures: Rebalancing ES/NQ Close Higher While YM/RTY Close Lower After trading in a 21.75 handle overnight range, the S&P 500 futures opened Wednesday’s cash session at 3691.00, up 6.00 handles, traded to a 3681.25 low of day in the first half-hour, and then rallied up to a morning high of 3696.25 just before 11:00 CT. From there, the ES would drop lower in the noon hour, falling back down to 3683.00 for an afternoon low just before 1:30. From there, buying would come in to push the S&Ps up to a 3704.50 high late in the session before settling the session at 3694.25, up 7.75 handles...