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S&P500

S&P500 Futures Analysis- 30Dec2020

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The S&P500 futures are currently at 3733, and they are in clear uptrend, constantly trading above their 5 week EMA, which indicates strong uptrend, and the only thing to do here is to stay long above the 5 week EMA, which is currently at 3689.

The S&P500 futures closed today at 3721.50, doing a small red day, but they are still trading above the 10 week SMA (currently at 3605), and any move above 3730 can rapidly accelerate into a new rally towards 3750-3780 level.

The 10 day SMA is currently at 3706, and it is suitable for short term trading, so we can stay long above 3700 level. Our S&P500 Futures Trading Strategy is to stay long above 3700 for target 3760.

Crude Oil

Crude Oil Futures Analysis- 10Nov2020

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It looks like WTI Crude Oil futures have broken their uptrend today, after hitting $43 per barrel. In the last 10 days, since 1st Nov, the WTI Crude Oil futures have moved up from 34 to 43, nearly 25% gain, which would be amplified 5-10X when we trade with futures.

As per the above chart, the uptrend clearly breaks below 41, so 41 should be the stop loss for all long trades. As mentioned in previous posts, we can stay long above 40, for targets of 44-45, and then 49-50 per barrel. There are two level of Crude Oil Support, one at 39-40 level and other at 34-35 level.

Crude Oil futures are in uptrend currently, and our Crude Oil trading strategy is to buy on corrections and take profit on rallies. The long trades from 37 to 40 has been a reliable trade, and we have done it thrice in last 2 months.

Crude Oil Price Outlook: We should be prepared to see constant readjustment of crude oil prices between $35 and $45 over next 3 months, because the global economic growth is still weak, and crude oil will keep facing supply pressure as soon as it goes towards 45-50 level.

Please contact us to learn more about Crude Oil Trading Service. Thanks.