Weekly Newsletter issue 1244: The upcoming week is set to be impactful with Non-Farm Payroll data and earnings reports influencing market volatility. Traders should prepare for fluctuations as the U.S. government addresses trade conflicts and tariffs. Join our live demo for the latest trading platform and improve your trading strategy. #FuturesTrading#MarketVolatility#EarningsReports#TradeSmart#EconomicData
Below are the contracts which are entering First Notice or Last Trading Day for June. Be advised, for contracts that are deliverable, it is recommended that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
Summary Equity and bond prices opened lower to begin the week after President Trump kept up the trade pressure over the weekend. US steel producers jumped after Trump raised tariffs on steel and aluminum imports. US-China detente continued back sliding with no formal Xi Trump call on the docket as yet, despite the White House belief something is likely in the near future. Crude oil prices rose after OPEC+ producers left their July production plans (+411K bpd) unchanged. Also, little if any progress is be tracked in both the Russia/Ukraine peace or Iranian nuclear talks. The XLE and gold were the best performing sectors in the S&P, while buyers emerged in technology shares, lifting stock markets broadly into the green. The US dollar index tracked below 99 and bitcoin saw modest selling. Late in the session, a press report circulated that the White House will extend the pause on some China tariffs until the end of August as Trump awaits a one-on-one call with Xi. Levels for June 3rd below:
Silver!! The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Thanks Ilan. Very interesting chart and all the required momentum behind it. See off some head winds and lets go!
Will be interesting for sure, as these markets are very volatile and skittish to all the tariffs news....