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MANAGED FUTURES – TRADE RECOMMENDATION ACCOUNTS – AUTOMATED ALGO ACCOUNTS
The SP500 futures have had a significant bounce-back this morning after a sharp sell-off on Friday. Large moves after ECB meetings are not out of the ordinary, and last Friday was no different. Today, however, the markets regained footing as the DEC16 SP500 futures are up .8% on the day thus far. OCT16 WTI crude oil is up 1% today after a sharp drop Friday. We believe the energy sector will continue to be bought, mainly due to a huge inventory drop report last Thursday. We believe the next key target area for WTI OCT16 crude oil is around $48.50.
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