Potential Near-Term Bottom or More Pain?

Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.

Open interest continues to be the most interesting aspect of this time frame due to a belief of significant commodity fund participation.

The market action suggests that the corrective upswing is maturing and likely about to end. How can we tell? Silver.

These quality Dividend Aristocrats are relatively uncovered in the financial media.

Digital Cash a.k.a. Dash has bottomed after we spotted the wedge pattern and it's turning bullish from technical and Elliott wave theory as expected.

WTI Crude Oil futures closed strong yesterday and almost pinned the key $70 level at settlement. Reports of OPEC+ delaying output hikes and new Iranian oil sanctions drove strength throughout the day.

E-mini NQ futures broke out above overnight. Price action cleared the November and July highs, a ceiling that defined the top of the ascending triangle we have been referencing. The underlying strength has certainly come from the Mag 7 with META and AAPL setting fresh records yesterday,

What could spark a breakout for precious metals? Phil Streible explores the possibilities and key levels in today’s Metals Minute

Futures curves suggest further rate cuts in many countries, though inflation continues to pose a challenge for global central banks.

Instead of overtaking the US as the world’s leading economy in the coming years, China will focus on preventing its economy from slowing down even further. But to do this, it will need to spend big.

The January WTI (CLF25 ) trading session settled at 69.94 (+1.84) [+2.70%] , a high of 70.23, a low of 67.91. Cash price is at 68.10 (+0.08), while open interest for CLF25 is at 328,618. CLF25 settled above its 5 day (68.71), above its 20 day (69.27), above its 50...

It appears that some are anxious to own even higher priced cattle, but seemingly those who do are not placing them on feed, but further backgrounding them as the lighter weights were either not available or too expensive.

Read this guide to learn more about SOFR futures and options strategies at CME Group, the deepest futures market on the planet.

Bitcoin’s price has surged close to the $100,000 level, fueled by increasing optimism and hype, particularly following Trump’s victory in the US elections. While this milestone has sparked renewed bullish sentiment, it’s critical to remember that Bitcoin is now in uptrend for only last four week, but it has been in an moving up since December 2022, marking nearly two years of consistent gains. So actually, we may now be in the late stages of this bull run.