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New Equity Highs, Oil Still Firm: Tuesday's Market Forecast

Posted by TopstepTrader on November 07, 2017

Markets are providing plenty of opportunities for day traders. For example, Crude Oil ($CLZ7) moved $2 yesterday - gaining from $55.70 to a high of $57.61. Whether you were a Crude Oil bull or a bear, you had the opportunity to choose levels, keep stops tight and profit.

Today is setting up to be similar. Equity futures are trending higher with the Emini S&P ($ESZ7) and Nasdaq ($NQZ7) hitting all-time highs. December Eminis are pushing up towards the 2600 level, trading at 2593 just after the open.

That has pressure on Gold ($GCZ7), which saw a $10 rally yesterday. Gold is moving towards its lows, down 0.4% on the trading session. 

Want the levels that will impact trading today? Here's Senior Performance Coach John Hoagland with your 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.

 

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Topics: Market Updates

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