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Commodity Futures Market Analysis – October 15th, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-october-15th-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) The S&P 500 Emini futures market produced a major correction into the uptrend as price retracted sharply back down, almost testing the 2700 level as concerns relating to unsustainable economic growth and heightening trade tensions between the US and China ate up investor confidence. Fearing the US economy may not be able to sustain current growth levels and the possibility of an impending rate hike sent the market pulling back sharply into the uptrend –…