Fed Minutes Before T-Day | Morning Express | 11/23/2022
Posted: Nov. 23, 2022, 7:31 a.m.
- Building Permits at 7:00 am CT, Durable Goods, and Initial Jobless Claims at 7:30 am CT, Flash PMIs at 8:45 am CT, Final Michigan Consumer data for November at 9:00 am CT.
- Fed Minutes from the November 2nd meeting released at 1:00 pm CT.
- Flash PMIs from the Eurozone and U.K. contracted less than expected.
Do not miss our daily Midday Market Minute, from yesterday.
E-mini S&P (December) / NQ (December)
S&P, yesterday’s close: Settled at 4010.25, up 52.25
NQ, yesterday’s close: Settled at 11,754.50, up 166.50
- Bull-flag like breakout is potentially unfolding, noted here yesterday.
- Continued price action above 4000 and 11,710-11,768 stokes higher. More Bullish Bias while above here.
- Still, strong resistance overhead with volatility due to data and Fed Minutes.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
NQ (December)
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Crude Oil (January)
Yesterday’s close: Settled at 80.95, up 0.91
- Angry protests at Foxconn iPhone plant in China embody larger impact of lockdowns as cases surge, dent near-term demand picture.
- EIA due at 9:30 am CT, expectations for -1.055 mb Crude, +0.383 mb Gasoline, and -0.550 mb Distillates. Distortions persist with SPR release.
- Price action surrendered 80.04-80.49 mark, neutralizing near-term momentum.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Gold (December) / Silver (December)
Gold, yesterday’s close: Settled at 1739.9, up 0.3
Silver, yesterday’s close: Settled at 21.049, up 0.177
Technicals Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Silver (December)
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial
Start Trading with Blue Line Futures
Don't have an account with Blue Line Futures?
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