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MANAGED FUTURES – TRADE RECOMMENDATION ACCOUNTS – AUTOMATED ALGO ACCOUNTS
The US equity indices are up on the day thus far, as the SP500 futures rallied to a key resistance level at 2146. Our next major resistance level is 2154. We believe the market will be range-bound until the Fed decision is announced on Wednesday. We are closely monitoring NOV16 WTI Crude Oil for a potential rally to $56. This would be around a 20% rally from current levels. With the key meeting at the end of this month, we believe the key suppliers will try to balance the oil market and drive prices higher. We believe this is an excellent opportunity for traders.
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