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Commodity Futures Market Analysis – October 8th, 2018


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Originally published at: https://optimusfutures.com/tradeblog/archives/commodity-futures-market-analysis-october-8th-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 last week responded to broader market concerns and knee jerk reactions stemming from the recently reshuffled communications sector within the S&P 500 index as well as news relating to the spike in long term borrowing costs spurred by a batch of upbeat US economic data. The last two daily trading sessions the prior week accounted for most of the bearish activity as the market pulled back down to rest…