The major US stock indices opened sharply higher this week (after closing higher every day last week) but within hours of the opening the indices turned tail and fell like a stone...taking out last week’s low by Thursday morning.
Polar Futures Group
Polar Futures Group is the team of Victor Adair and Drew Zimmerman who have worked together for over 5 years. Together they offer over 50 years of experience trading in financial markets. They specialize in trading currencies, interest rates, precious metals, base metals, financial indices, energies and agricultural exchange listed futures and options contracts .
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Markets are bracing for a possible huge “gap” opening...up or down...Monday morning following the Trump/Xi dinner at the G20 meeting in Buenos Aires Saturday evening. I expect to see a tsunami of political/market analysis Sunday.
WTI crude oil tumbled to it’s lowest price in over a year...closing lower for 7 consecutive weeks. On October 3rd WTI hit a 4 year high ~$77 as the market feared a supply shortage especially given the American sanctions on Iran.