At-a-Glance
Today’s Top Highlights
After seeing little movement across markets yesterday, there was more of a “risk-on” feel today as the equity indices, precious metals, Crypto futures, and Crude Oil all moved higher today with conviction. The big earnings reports this week are being released tomorrow looking at Tesla and Alphabet, which will both be released after the close and could set up Thursday to have significant volatility. Looking at the action today, equity markets saw a nice boost higher with the Nasdaq leading the charge trading up about 1.7% as prices are trying to recover from the breakdown below the 50-day moving average last week. That level, which was a strong “floor” in the market going back to April, is now acting as a near term “ceiling” and traders will look for a close above to add momentum to the upside.
The leaders of the day were the precious metals, which are also looking for upside momentum after seeing strong selling pressure for the last few weeks. Silver led the day trading up about 3.5% while Gold saw gains of about 1.8%. Along with that, Bitcoin futures have quietly crept higher again today trading up over 2%, and are now seeing some congestion right near the 50-day exponential moving average. Prices have not traded above this level since May of this year and traders are looking to see if a catalyst can break through and add momentum to this market that has been in a downtrend since reaching all time highs last year.
Explore Additional Market Commentary
Traders Resources
The information in the market commentaries have been obtained from sources believed to be reliable, but we do not guarantee its accuracy and expressly disclaim all liability. Neither the information nor any opinions expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts. The information on this site compiled by CME Group is for general purposes only. All information and data herein is provided as-is. Additionally, all examples on this site are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. CME Group assumes no responsibility for any errors or omissions. CME Group, its affiliates and any third party information and content providers expressly disclaim all liability with respect to the information and data contained herein including without limitation, any liability with respect to the accuracy or completeness of any data. You use the data herein solely at your own risk. All data and information provided herein is not intended for trading purposes or for trading advice. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Due to the leveraged nature of futures trading and swaps trading, it is possible to lose more than the amount deposited in a position. Therefore, traders should not deposit more funds than they can afford to lose without negatively affecting their lifestyles. A trader cannot expect to profit on each trade, and should only devote a small amount of their available funds to each trade. All references to options refer to options on futures.
Past performance is not necessarily indicative of future performance.
CME Group, the Globe Logo, Chicago Mercantile Exchange, Globex and CME are trademarks of Chicago Mercantile Exchange Inc. CBOT is the trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is the trademark of the New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other marks are the property of their respective owners. Each of Chicago Mercantile Exchange Inc. (ARBN 103 432 391), The Board of Trade of the City of Chicago Inc (ARBN 110 594 459), the New York Mercantile Exchange Inc (ARBN 113 929 436) and Commodity Exchange, Inc. (ARBN 622 016 193) is a registered foreign company in Australia and holds an Australian market licence.
This site does not constitute a prospectus, product disclosure statement or legal advice, nor is it a recommendation to buy, sell or retain any specific investment or to utilise or refrain from utilising any particular service. Readers should consult their legal advisors for legal advice in connection with the matters covered on this site.
