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July 28 - According to Axios, senior U.S. officials believe that economic sanctions could ultimately cause more damage to the Tehran regime than a military strike. U.S. intelligence and open-source media reports point to a deepening economic crisis within Iran, including gasoline shortages in one of the worlds richest oil-producing nations. A senior U.S. government official stated, "The Iranians want to stop being bombed, and they want money. But the priorities are almost reversed—their real priority is money." Another U.S. official acknowledged that sanctions and a naval blockade would take much longer than bombing to force Tehran back to the negotiating table—and Trump has so far not approved a full-scale bombing campaign. This extended front could increase the political risk for Republicans, forcing them to defend an unpopular war and high oil prices during the midterm election campaign.Japans Topix index fell further to 2%.According to Axios, U.S. officials believe that economic sanctions could cause more harm to Iran than bombing.July 28 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Monday, with the benchmark contract down 2.9%, mainly reflecting the plunge in crude oil futures following the pause in the US-Iran conflict. Oil prices fell to their lowest point in a week on Monday. The USs sudden suspension of airstrikes against Iran over the weekend boosted hopes for a diplomatic solution to the conflict, de-escalation, and the resumption of shipping in the Strait of Hormuz. Agricultural product prices are typically influenced by the energy market, especially given the rapid growth in demand for agricultural products in biofuel production. One analyst stated that improved weather in the US Midwest was also a factor contributing to the plunge in futures prices. Commodity Weather Group indicated that temperatures in the Midwest are expected to ease after the weekends high temperatures, and upcoming rainfall will help alleviate drought pressures in agricultural areas.July 28 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply lower on Monday, with the benchmark contract down 3.4%, hitting a two-week low, mainly dragged down by a plunge in crude oil futures. Crude oil prices plummeted in response to the Trump administrations suspension of the war on Iraq, hoping to reach a peaceful solution through diplomatic means and reopen the Strait of Hormuz; Brent crude futures fell nearly 9% that day. Soybean oil is a key raw material for biofuel production and is therefore frequently affected by fluctuations in the crude oil market.

S&P 500 Price Forecast – Stock Markets Have Quiet Return

Florala Chen

Jan 18, 2023 16:26

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Technical Analysis of the S&P 500

As traders returned to work after the United States' Martin Luther King Jr. Day vacation, the S&P 500 E-mini contract fluctuated throughout trading on Tuesday, with regular hours and normal volume. It's remarkable that the markets did not soar higher, and of course, we must be concerned about the thought of the beginning of the earnings season. Banks are the subject of our present negotiations, and several of them have reported abjectly poor financial results.


Looking at this chart, it is important to note that we may reach the 4200 level if we break above the channel's downtrend line. The 50-Day EMA, which is slightly above the 3900 level, might be reached if we reverse course and break below the bottom of the hammer for the previous trading session.


To put it mildly, the markets will continue to seem quite loud and will fluctuate quite a bit depending on what we observe on results calls. In the end, I believe you should size your positions extremely carefully since there will probably be a lot of back-and-forth trading. You must be aware that the earnings season may be quite loud, and that the most recent "story" can often obscure the truth.


A significant amount of selling would begin if the price fell below the 50-Day EMA, however I don't anticipate this to happen quickly. Anything over the 4200 mark would indicate that a new bullish trend is likely to be starting in the market. I still lean toward the negative at this time, but the situation is definitely becoming fascinating.

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