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Crude Oil Shoots Higher: Monday's Market Forecast

Posted by TopstepTrader on October 30, 2017

We're expecting this to be an interesting week in futures markets. Not only did markets last week start to break out above key levels, but the news out this week will help provide a more clear picture of the fundamental economy. The markets will be paying particular attention to the FOMC meeting on Wednesday and the release of the October U.S. employment report on Friday. 

Ahead of that, the rally in Crude Oil ($CLZ7) continues, with the price topping $54 for the first time since April. In equity futures, markets continue to push higher, led by the Nasdaq ($NQZ7). The S&P 500 ($ESZ7) is trading slightly lower on the day ahead of the open. 

Senior Performance Coach John Hoagland runs down these markets and more in today's video market forecast.

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Topics: Market Updates