LOOKING FOR PROFESSIONAL HELP IN YOUR TRADING/INVESTING?

MANAGED FUTURES – TRADE RECOMMENDATION ACCOUNTS – AUTOMATED ALGO ACCOUNTS

Call 949-461-1137

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.

snap-2016-09-19-at-08-30-52

snap-2016-09-19-at-08-29-25

Past performance is not necessarily indicative of future results. Trading commodity futures and options is speculative, involves risk of loss, and is not suitable for all investors.

All information, communications, publications, and reports, including this specific material, used and distributed by Lido Isle shall be construed as a solicitation for entering into a commodity interest transaction. Lido Isle does not distribute research reports, employ research analysts, or maintain a research department as defined and intended by CFTC Regulation 1.71.

Pin It on Pinterest

market commentary

Subscribe To Market Commentary

Join our inner circle to receive the latest market commentary.

You have Successfully Subscribed!