Government Stalemate Continues: Market Pulse

U Posted by d Comments Off on Government Stalemate Continues: Market Pulse

S&P Futures are consolidating slightly just beneath all-time highs as the government’s stalemate presses on. This is now day 3 of the government shutdown and investors are lacking any sort of appetite to take action given the circumstances. I am monitoring initial support at 2792 and secondary support in the 2751 territory.

Gold Futures aren’t doing much exciting here as price consolidates just beneath last weeks highs. Looking for a break above or below this current range to confirm the next move.

Crude Oil Futures are peeling back slightly off of 52 week highs here, remember though that the trend is nicely billish here so pullbacks are ideal for possible positioning. I am continuing to eye initial support in the 62 area and secondary support down in the 60 territory for possible long interest.

There are a handfull of movers here in the premarket session, get in chat to get a handle on what we are looking at this morning. Not a member? Start your trial today!

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