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Commodity Futures Market Analysis – October 29th, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-october-29th-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 continued on the bear run as investors reacted to some mixed earnings results from major technology companies and mulled potential trade wars with other global economies. Quarterly earnings reports from Alphabet and Amazon affected investor sentiments that had previously been feeding off a boosted economy and generally better-than-expected quarterly earnings reports from high capitalization stocks. Potential trade wars with other economic behemoths like China have also worn…