Crude Oil And S&P Take Another Duck

Published 01/07/2015, 03:23 AM
Updated 05/14/2017, 06:45 AM
ESH25
-
CL
-

Tomorrow: MBA Purchase Applications, ADP Employment Report, Gallup US Job Creation Index, International Trade, EIA Petroleum Status Report, FOMC Minutes, Charles Evans Speaks and Alcoa kicks off the earnings season on Jan 12

Crude futures got down to 47.56.
S&P futures that closed at 2016 sold off down to 1984.50, a 35 handle sell off from the close and 44 handles from the 2023.75 day high
Rallied 26+ handles up to 2009.75

Volatility is BACK and its putting the hurt on some people and oil firms.

Once the customers are forced to roll lower, and the margin calls go out, and the forced liquidation is done, the ES has a tendency to rally – is it over? That all depends on where crude oil is going.

Lots of big economic numbers and the Fed Minutes tomorrow …

Crude is oversold and we think the next $2.00 to $3.00s is going to be up.

Bought some cheap calls today... lets see how that plays out.
High 2023.20 Early
Low 1984.00 Midday
Last 2004.00, down 11.9 handles

Volume 2.2mil ESH and 9k SPH trtade
MOC Sell $50mil

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.