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Market News Posted by John Doherty May 16, 2021

Weekend Kickoff Levels from John Hoagland 5/16/21

Every Friday afternoon, Topstep Performance Coach John Hoagland fires up his charts and identifies the trends and “areas of importance” futures traders should look out for in the coming week. Read on to see what John’s keeping his eye on, and be sure to tune in to The Market Forecast each trading day at 8:00 AM CT on YouTube for his latest reactions and analysis.


Crude Oil

CLM1 05-16-2021

Contract: CLM1

Market Direction: Higher

Areas of Importance: 63.50 & 67.30

**Crude Oil Futures Roll From June (M) to July (N) Monday, May 17**

Gold

GCM1 05-16-2021

Contract: GCM1

Market Direction: Higher

Areas of Importance: 1815.00 & 1882.00

Euro/USD

6EM1 05-16-2021

Contract: 6EM1

Market Direction: Higher

Areas of Importance: 1.2030 & 1.2270

S&P 500

ESM1 05-16-2021

Contract: ESM1

Market Direction: Higher

Areas of Importance: 4070.00 & 4280.00

 

MarketForecast