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Trading the Day After New Highs: Wednesday's Market Forecast

Posted by TopstepTrader on September 13, 2017

Equity futures hit new highs yesterday. Thus far, we're seeing a slight pull-back from those levels, while Gold ($GCZ7) recovers and Crude Oil ($CLV7) has continued to rally. There is good movement within futures on good volume - so markets are ripe for trading opportunities. 

On Crude, that $47.50 level continues to provide an opportunity for new buyers to enter the market. After the latest dip below, the price has now recovered to trade around $48.70. Today, eyes will be focused on the weekly Crude Oil inventories number at 9:30 AM CT. 

Both Gold and the Emini S&P 500 ($ESZ7) are relatively unchanged. 

In this video rundown, Senior Performance Coach John Hoagland looks at these factors and everything else you need to know heading into Wednesday trading. 

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Topics: Market Updates