Market Updates

The Calm Before the Storm: Tuesday's Market Forecast

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Today will be a positioning day as traders look to finalize bets ahead of the Federal Reserve meeting tomorrow and the jobs report on Friday. Gold futures ($GCZ7) are down $5 - continuing a slide that started in mid-September. The S&P 500 ($ESZ7) is bid this morning, helped higher by a strong Nasdaq ($NQZ7).

Since breaking out of its range last week, Crude Oil ($CLZ7) has stalled above $54 per barrel, however, prices look like they are doing little more than taking a breather before the bull run continues. The same appears to be the case for the Euro's ($6EZ7) move to the downside, though that could ultimately be derailed by a dovish FOMC tomorrow.

In the meantime, Senior Performance Coach John Hoagland runs down all the trading levels in these markets and what to watch out for in today's market forecast.

Subscribe to our blog to have these market insights delivered to your inbox every morning. You can also tune in at 8:15 AM CT on Facebook to watch John's Market Forecast LIVE.

 

Posted by TopstepTrader on October 31, 2017
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