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Commodity Futures Market Analysis – December 10th, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-december-10th-2018/

The following Commodity Futures Market Analysis is the opinion of Optimus Futures. Click on the charts below to enlarge it. S&P 500 Index Futures (ES) Last week the S&P 500 Emini futures market was sharply bearish as prolonged fear of a potential US-China trade war and uncertainty from the Federal Reserve ate into investor confidence. The increased levels of volatility are not helping either, as sharp swings tethered to the 2800 and the 2600 price level continue to reflect a confused state of the market. The strong bearish activity sparked off of strong resistance at the 2800 level which allowed…