FOMC Minutes and Crude Oil numbers tomorrow. Dec. coffee is now front month. Levels for Wednesday, Aug 17th below:
My idea would be resting. Grain is now shipping out of Ukraine. Barring any interruptions, and a good harvest in the US, it should dip lower. That 7520ish line looks like tough support. So scratch that, we'd need a REAL good harvest.
Strong ( and volatile both ways) Natural Gas market to test $10 mark? $11.5 mark? Time will tell. The volatility is generating some interesting option spreads opportunities and risks. WEEKLY chart below.
Very light day tomorrow when it comes to economic reports. Volume is stock indices has been lighter these past few days and I have seen more range bound trading in the ES than normal. Levels for Aug 19th:
Wishing all of you a nice weekend a successful trading week ahead. WEEKLY levels below, daily levels for Monday and more on our weekly newsletter now LIVE.