A relatively quiet day in the commodity and financial markets opened September trading as all 4 major US Equity indexes were higher and volatility ticked down. Elsewhere at CME Group, WTI Crude Oil futures prices were just slightly higher, Gold futures prices were near steady and Silver futures price were down by just over 1%. Wheat futures prices were higher again today and are now up by about 14% since the middle of August. Implied Volatility in the Wheat Options markets has been bid higher but still remains low relative to where it was trading at the beginning of September going back to 2013, with the exception of last year.
We wanted to take the opportunity to showcase a price alert tool available through CME Group. CME Price Action alerts is a subscription based tool that allows users to receive alerts when certain price or technical moves occur in the market. When the user receives an alert, the tool also provides the historical context detailing what happened in that market 5 hours or 5 days later when that specific event occurred in the past. We’ve provided an excerpt from an alert that occurred this morning when the E-mini Nasdaq-100 futures price fell by 1%. As you can see in the image below, at 4:20 AM this morning, the alert triggered at a price of 12,235.25. The detail below shows that, over the last 12 months, this has occurred 62 times and in 39 of those times, the price was higher 5 days later. Not included in the excerpt, but available on the tool, is the detail behind each of those 62 occurrences.
Please visit https://www.cmegroup.com/price-action-alerts.html to learn more and sign up for these alerts.