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Commodity Futures Market Analysis – November 5th, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-november-5th-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 finally bounced off the 2600 major area of support and resistance in yet another week of volatile trading activity. The strengthening US Dollar and a generally strong economy may have potentially helped the buyers re-enter the market last week, as the key support level around the 2600 mark provided a precise entry point for strong buying. Price remains volatile, however, making it potentially susceptible to near and…