Futures Trading Education

Monday was an historic day for markets, and without sounding cliche “one of two halves”, highlighted by WTI (oil) seeing its 2nd biggest daily ever move. The day, sentiment, and market moves, turnaround in the last 40 minutes of cash equity trade after President Trump, in a CBS phone interview, said the war could be over soon, noting “I think the war is very complete, pretty much. They have no navy, no communications, they have got no Air Force”, and that the US is “very far” ahead of his initial 4-5 week estimated time frame.” Following these remarks, crude prices were hammered, with WTI and Brent hitting lows of . USD 81/bbl and USD 83/bbl, respectively, against earlier peaks of USD 119/bbl. US equity indices surged, and even closed in the green, with all sectors (aside from Financials and Energy) also reversing losses to close in positive territory. Despite already being firmer versus the U.S. Dollar, Antipodeans extended on daily gains, the Pound flipped to gains, while the Japanese Yen pared losses. All in all, the Dollar was smashed and went from notable strength to lower by 0.5%. In addition, Treasuries saw a notable bid as crude plummeted, with all attention now on Trump’s press-conference for 17:30EDT/21:30GMT, which was scheduled before the CBS interview remarks were released. Spot Gold also reversed to end the day with gains. For clarity, direction of trade entirely flipped in the last 40 minutes of trade, although the crude complex had already pared a decent chunk of its earlier losses given a couple of bearish reasons. As a reminder, WTI and Brent gapped higher at the open, given the weekend escalations in the Middle East war, and the continued closure of the Strait of Hormuz, but came off highs amid FT reports that the G7 is to discuss a joint release of emergency oil reserves in an emergency meeting on Monday. Note, in the meeting they discussed oil prices but did not come to an agreement but they are scheduled to meet again on Tuesday, but it is now not clear if this will still be on the agenda given the dramatic swings in oil prices seen after Trump’s comments. As you can imagine, Middle East/geopolitics has dominated the tape and likely will so for the foreseeable future as US inflation data this week will likely take a backseat given it does not incorporate the recent volatility. Elsewhere, Oil closed lower by 3% while Gold ended Monday’s session with 0.6% loss.

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For anyone following my Platinum Service it made 625 points yesterday and is now  ahead by 2623 points for March having closed February with a strong gain of 5482 points after ending January with a gain of 4757 points, having closed December with a gain of 2599 points, after ending the month of November with a gain of 4542 points, after ending October with a nice gain of 5110 points after closing September with a gain of 3774 points whe ending August with a gain of 3362 points after closing July with a gain of 3753 points after closing June with a gain of 3530 points, having closed May with a gain of 3606 points, after closing April with a gain of 7685 points after closing March with a gain of 2254 points while closing February with a gain of 4180 points. January ended with a gain of 2768 points while 1997 points were gained in December. October ended with a gain of 2179 points, after closing September with a gain of 4402 points, following a loss of 301 points in August. July gained 1908 points while June saw a gain of 2074 points. The Platinum Service made a record 9619 points in October 2022.  Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 2300 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking