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1. WTI crude oil futures trading volume was 1,335,333 lots, a decrease of 160,335 lots from the previous trading day. Open interest was 2,089,984 lots, a decrease of 16,134 lots from the previous trading day. 2. Brent crude oil futures trading volume was 251,967 lots, a decrease of 41,432 lots from the previous trading day. Open interest was 283,859 lots, a decrease of 2,651 lots from the previous trading day. 3. Natural gas futures trading volume was 353,207 lots, a decrease of 78,553 lots from the previous trading day. Open interest was 1,560,302 lots, a decrease of 8,673 lots from the previous trading day.On March 18th, Kei Fujimoto, an economist at Sumitomo Mitsui Trust, stated that the Bank of Japan (BOJ) is expected to maintain its policy rate at 0.75% this week. The BOJ will be monitoring how rising crude oil prices increase the cost of petrochemical products and other crude oil-based commodities, and how these cost pressures are transmitted to domestic prices. While rising crude oil prices will directly push up energy prices such as gasoline in the short term, this temporary fluctuation is unlikely to prompt the central bank to raise interest rates sooner than expected.1. Berenberg: The room for further rate cuts is quite limited; the Fed is expected to implement the final 25 basis point rate cut of this cycle at its June meeting. 2. Goldman Sachs: Expects 25 basis point rate cuts in September and December respectively. If the labor market weakens earlier and more severely than expected, rate cuts may be implemented sooner. 3. Deutsche Bank: Rates are expected to remain unchanged this week. Rising geopolitical uncertainty and inflation risks triggered by soaring oil prices are eroding the room for further rate cuts. 4. Credit Agricole: Rates are expected to remain unchanged until the end of the year. Some members may advocate ignoring short-term energy-driven inflation spikes, but most members tend to be more cautious. 5. Rabobank: Under Powells leadership, the Fed is likely to maintain a wait-and-see stance; if Warsh takes office, the Fed may be more aggressive, potentially pushing for rate cuts to combat economic downturn. 6. TS Lombard: Labor market concerns are resurfacing. If the energy shock subsides within weeks, coupled with the base effect of tariff inflation in the second half of the year and a rapid slowdown in rent inflation, two rate cuts are still possible this year. Xunze (03317.HK), the first company to list on the Hong Kong stock market specializing in token transactions, rebounded in the afternoon, narrowing its losses to 3.9%, after falling more than 9% earlier in the session. According to sources, a key reason for Alibaba Clouds recent price increase is a "surge in token usage."Japans Ministry of Economy, Trade and Industry: The national average retail price of gasoline has risen to 190.80 yen per liter, a record high.

S&P 500 Price Forecast – Stock Markets Run Out of Momentum

Skylar Shaw

Jun 28, 2022 14:50

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Initial attempts at a rebound by the S&P 500 in the futures market on Monday failed due to the overbought state on Friday stalling.

Technical Analysis of the S&P 500

The S&P 500 attempted to rebound early in the Monday session in the futures market, but has encountered a little bump on the road because to the ongoing commotion. As a result, there is a good chance that the market will continue to experience trepidation and maybe a retreat. Even if the Friday session was quite volatile, we are still very much in a downturn. You might perhaps make a weak case for portfolio rebalancing on Friday or, to be honest, merely short-covering as we go into the weekend.


Nevertheless, the 50 Day EMA is rapidly approaching the 4000 mark, therefore I believe it is also speaking. I've been seeking for a chance to short this market when it shows indications of weariness, and I think I'm about to. At least until we break over the 4200 barrier, I have no interest in purchasing the S&P 500. It's important to be patient and select your locations in the meantime. If it begins to move in my way, I will add to my initial little position. It is not always possible to quantify short selling, making it something of an art form. Risk management, emotion, and fear are all important factors.


It should be emphasized that I usually take around half as much risk when shorting a company or an index as when I would be purchasing it. They are not intended to fall for extended periods of time, which is the reason.

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