Markets were seeing mixed results today with US Equity prices slightly lower along with Crude Oil and Gold. Traders saw CPI come in better than expected while the Crude Inventories report came in higher than expected. The Crude Market specifically has had a volatile beginning to 2025 with a lot of the recent price action hovering around the 200-day moving average.
The initial jump in prices to the recent January 15th high came after breaking through the 200-day moving average and the volatility around that level has come back this week. Crude Oil has several fundamental factors that can affect the price drastically, including global tensions and supply and demand, which is why the CME offers different sized products for Crude Oil to help traders manage their risk ranging from the full size to the micro contract.
For the rest of the week, traders will be looking at the jobless claims number along with the PPI for an indication on inflation moving forward.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
The initial jump in prices to the recent January 15th high came after breaking through the 200-day moving average and the volatility around that level has come back this week. Crude Oil has several fundamental factors that can affect the price drastically, including global tensions and supply and demand, which is why the CME offers different sized products for Crude Oil to help traders manage their risk ranging from the full size to the micro contract.
For the rest of the week, traders will be looking at the jobless claims number along with the PPI for an indication on inflation moving forward.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.