October 11th 2023 The market opens around a neutral area of 4406.50, well above the 5-day moving average (4343.25). Bulls seem to have the momentum, but expect a lot of back and forth in this neutral spot. I maintain a bullish position, but foresee a two-way tape until multiple daily closes appear above 4406.50, which […]

IN THE OVERNIGHT 11 OCTOBER

Markets GREEN TOP STORIES OVERNIGHT European Gas Pauses Rally As Traders Monitor Australia LNG Talks-BBG Europe’s rally in natural gas futures took a breather, with traders awaiting clarity on talks between Chevron Corp. and its liquefied natural gas workers in Australia. Benchmark futures fluctuated Wednesday after surging 37% in the previous three sessions. The Dutch contract […]