Short-Term Futures Market Outlook by Blake Robben My technical indicators show the S&P 500 futures have been recently correcting, but trade is tricky right now. The dollar should remain weak, which could provide a prop for some commodities markets. I’ll take a look at the short-term term technical picture for the dollar, S&P 500, crude [...]

Crude oil futures are trading slightly lower in early trade, with the June contract trading slightly under $49 a barrel. Lind Plus Senior Market Strategist Jeff Friedman said while crude oil bulls may be encouraged by Tuesday’s higher close, he thinks the rally was driven mainly by short-covering after the market had hit a six-week [...]

This morning’s bleak (as expected) employment report showed an uptick in the unemployment rate to a 16-year high at 7.6 percent. The stock market did not sell off, which the media took to mean the dire economic situation would force through a new stimulus plan. Crude oil, however, slid to a two-week low under $40 [...]

Gold Headed to $1,000 an Ounce, Crude Oil Still Shaky By Frank J. Cholly I’m very impressed at how the gold market has been holding up as many other commodities saw prices cut in half or more in the past six months. Investors have been flocking to gold as a safe-haven, and I see $1,000 [...]