Bullish inventory reports push crude oil higher this week. Is this market retracing back to the previous August’s highs?
Jarboe Trading Journal
Did you catch this trade with me? Equity futures continued their bullish run closing out the quarter higher!
Bullish continuation from yesterday afternoon is back. Can this rally continue to dodge the Coronavirus concerns?
The S&P 500 continued its bearish price action following my last update to sell the ES with the YM leading equity futures lower.
The equity markets are still moving lower this morning with the futures trading lower in the overnight session on concerns of a resurgence of COVID-19 cases. Yesterday’s fatalities saw the first increase in deaths in the US since June 7th.
The commodity world commonly uses two terms when relating future price formation via a forward price curve, with respect to supply and demand. These terms, contango and normal backwardation, refer to the pattern of future prices over time.