Fed Day Should Move FX and Bonds

MARKET

COMMENTARY

by Lido Isle Advisors

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The market, at time of this writing, awaits the Fed meeting and interest rate announcement at 11am PST. The SP500 futures seem to have a key line in the sand at 2138. If the market fails to stay above there, we believe 2115 and maybe even 2000 may be approached very soon.

chart

Chart - Market Commentary

Screen captured by Lido Isle Advisors from Market Profile platform software.

The key oil products continued their rally from yesterday as inventory numbers came in below market expectations. We still believe WTI crude oil (NOV16) may reach $50 and above within the next 30-60 days.

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jason rotman president

President - Jason Rotman

Published by Lido Isle Advisors

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.

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