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Big Rally in Crude Oil: Monday's Market Forecast

Posted by TopstepTrader on September 25, 2017

Crude Oil ($CLX7) is the big overnight mover, having gained $0.60 to above its recent range - at $51.25. That puts it above our Weekly Kickoff high, which indicates that there may be some long-term players entering the market. So, keep an eye on price action to see if those players come in and buy, or if they're more interested in selling.

Meanwhile, both Emini S&P 500 futures ($ESZ7) and Gold ($GCZ7) are down slightly overnight - but well within recent ranges. Gold looks heavy with any rallies being met with selling pressure. That $1,300 price level is proving to be an important point of resistance. 

Have a good weekend? Ready to get back into markets? Senior Performance Coach John Hoagland will help catch you up to speed in today's market forecast video. Hoag goes over overnight moves and important levels to watch today in Emini S&P 500 futures, Gold and Crude Oil. 

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Topics: Market Updates