Interest futures were down on Friday as market participants looked forward to key speeches during the Jackson Hole symposium. Meanwhile, a surge in oil prices on Wednesday and Thursday supported Treasury yields, hurting bonds.
Tag: Futures market
Nasdaq Futures (NQ) Technical Analysis, 27 August 2026
Introduction NQ has bounced off the EMA ribbon after a few days of sideways action. The ribbon spans 29,280.88 to 29,435.03 and has held through the pullback from the mid-August high. The measured target on this setup is 30,327, which is 701.75 points or 2.37% above current price, and sits where the descending trendline from Read More…
Oil Slips on Iran-Oman Strait of Hormuz Deal
Oil prices fell on Thursday after Iran reached a deal with Oman to manage the Strait of Hormuz. At the same time, market participants were relieved when the US chose to use sanctions against Iran.
Russell 2000 Futures (RTY) Technical Analysis, 26 August 2026
Introduction RTY has pulled back 2.15% from the 3,080 high and is now sitting on the rising 50 moving average at 3,002.3, which has tracked beneath this rally since April. The one time price traded below it was the early-August dip to 2,900, and that was recovered within days. The 200 moving average is far Read More…
Crude Oil (CL) Technical Analysis, 26 August 2026
Introduction CL has dropped 8.7% in three sessions, from the 88 high on 21 August down to 80.30, and price is now getting close to testing the lower boundary of the symmetrical triangle that has contained it since late May. That boundary sits near 79, with the faster moving average at 77.87 just beneath it. Read More…
S&P 500 Futures (ES) Technical Analysis, 25 August 2026
Introduction ES is coiled between 7,657 and 7,700. The pullback from the 7,840 record set on 13 August is 2.33%, and the 7,657 floor has held four sessions in a row. Daily range has compressed hard — the 25 August session covered 32 points, against 60 to 80 during the sell-off and over 100 during Read More…