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Commodity Futures Market Analysis – December 31st, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-december-31st-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 a combination of fundamental and technical factors fueled strong interest from the sellers. We have been talking about the importance of the 2600 support level as being the crucial determinant of the market’s fate going into the end of the year. Last week, this level gave way as sellers continued to push price lower to possibly mark a red year for the S&P…