Turn Around Tuesday! Midday Market Minute | 4.05.22
Posted: April 5, 2022, 12:55 p.m.
Turnaround Tuesday! S&P and Nasdaq both closed on their highs yesterday, only to reverse sharply today. Fed Vice Chair Lael Brainard's hawkish comments combined with the EU's ban on Russian Oil, Coal & Natural Gas got the ball rolling after a light volume day yesterday (lowest of the year for $spy, $qqq, ES Futures, NQ Futures).
**SUPPORT & RESISTANCE LEVELS HIGHLIGHTED IN OUR MORNING EXPRESS RESEARCH** (https://www.bluelinefutures.com/post/...)
May 22' Crude Oil touched the 21 Day Moving Average overnight. Mar 31 Daily Volume (sharp move from $108 to under $100) was the largest volume day for the contract, giving us a headwind to the upside. Gold and Silver are lagging due to a large down day in the Bonds cobined with a higher US Dollar. It's important for Gold to hold $1920, in order to remain in an uptrend. CME is launching a Micro Copper Contract! Contact us to discuss how it can add exposure to your portfolio! 312-278-0500
Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial
Start Trading with Blue Line Futures
Subscribe to our YouTube Channel
Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
Like this post? Share it below:
Back to Insights
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Free Trial