Futures Insight: Oil Rallies as Inventories Build, Gold Destocks as Longs Retreat
Long Term Rates Fell This Week, Easing Discount Rate Pressure on Asset Valuations, While Fund Flows and Commodity Performance Remained Divergent.The 10 Year US Treasury Yield Declined to 4.99%, and the 10Y Minus 3M Spread Narrowed to 77 Basis Points as the Short End Remained Firm. Latest ETF Data Show That Overall Inflows Slowed. Equity ETF Inflows Were Broadly Flat, With a Larger Share Going to Overseas Equities, While Bond ETF Inflows Nearly Halved. Meanwhile, Crude Oil and Copper Edged Higher, but Gold Continued to Weaken, Indicating That Lower Rates Have Yet to Produce a Broad Commodity Rally. The Durability of the Price Recovery Will Depend on Regional Inventory Trends in Oil and Copper and the Pace of Long Liquidation in Gold. As of the US market close on October 27, 2026, the weekly
Macro Strategy Weekly: Will Key Supports Break This Week? A Bigger Correction Ahead?
Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how their views perform each week. Here is a preview of this week’s key ideas: Markets Turn Defensive as Volatility May Persist Through Next Year’s First Quarter Under the US dollar cycle model, market volatility could continue through the first quarter of next year. Safe haven, arbitrage and options strategies should therefore take priority. If US equities break below key trendlines, investors should focus on risk control. Gold is unlikely to regain bullish momentum before reclaiming its 20 day moving average. A confirmed break below $4,000 could open
Despite greater stability in the bond market last week, key market bellwethers such as Bitcoin and gold showed signs of downside breakdowns. US equities also reversed sharply from their highs on the weekly chart. With oil approaching its previous peak and a critical market window drawing closer, investors should remain alert to the risk of a major correction. Markets also faced pressure tw
Brace for a Sharp US Stock Correction! Nvidia Falls for a Third Week as Bearish Pressure Builds
Despite greater stability in the bond market last week, key market bellwethers such as Bitcoin and gold showed signs of downside breakdowns. US equities also reversed sharply from their highs on the weekly chart. With oil approaching its previous peak and a critical market window drawing closer, investors should remain alert to the risk of a major correction. Markets also faced pressure two weeks ago, although the weakness was not yet broad based. Conditions have since changed as Bitcoin and Ethereum failed to sustain their rallies, while gold extended its decline and broke below $4,000. Risk assets now face renewed pressure from a potential broad based selloff. $比特币(BTC.USD.HKCC)$
Weekly RSI is already overbought, but the monthly MACD just crossed up. Gold can still break out, just feels more like break then retest than a straight line rip.
🌟🌟🌟The recent collective surge in cybersecurity stocks to all time highs is primarily driven by a structural shift in enterprise risk: the rise of autonomous AI agents. Leading labs like OpenAI, Anthropic and Meta have noted that rogue or compromised AI agents operating at machine speed represent the single biggest threat vector today. This creates an entirely new cybersecurity paradigm where software must defend against automated, adaptive AI entities rather than traditional human hackers. $Palo Alto Networks(PANW)$ stands out as a good buy as its dedicated platform Prisma AI has been praised by enterprise customers for its ability in monitoring and securing autonomous machine to machine AI data flows across cloud networks. Cybersecurity
Live Highlights: U.S. Stocks' Last Dance Before Q4 Risks Erupt and 3 Top Trades
Last night, I hosted a livestream on Tiger Futures to discuss shifts in the broader U.S. stock market. I covered the U.S. Dollar Index, including its historical patterns and outlook, and shared trading strategies for currencies, crude oil, and gold. If you missed the session, watch the replay here >> 美股指新一輪的上升浪終於開始了?標普的反彈目標位會達到多少? Below, I have summarized the key market insights and trading views by topic, so those who missed the session can quickly understand my current outlook. First, a brief introduction: Cheng Jun is a professional trader and guest lecturer at CME Group. He previously served as General Manager of Gold Hea
Top Technical Picks: CRWV Selling Looks Excessive, HSI Needs to Clear 23,200 First !!
This technical review begins with CoreWeave (CRWV), a stock currently in focus. We examine what its break below $60 means as credit risk is repriced, then identify key technical levels for the Nasdaq, gold, crude oil, and the Hang Seng Index. The key question is whether the rebound after the sharp selloff can repair the technical damage and whether major support levels can hold. Let’s start with CRWV. CoreWeave: Credit Risk Repricing Pushes Shares Below $60 $CoreWeave, Inc.(CRWV)$$Tradr 2X Long CRWV Daily ETF(CWVX)$$Leverage Shares 2X Long CRWV Daily ETF(CRWG)$
Big Options Bets: US Index Put Blocks Explode as Gold $4,380 Calls Draw Heavy Positioning!
English version: Options on futures are derivatives linked to futures contracts. Trading volume and open interest reveal positioning across expiries and strikes, offering insight into market expectations, risk appetite, and potential support and resistance zones. However, they should not be treated as simple bullish or bearish signals. Today, we analyze changes in large options-on-futures trades and open interest on October 20 versus October 19. This is the latest available dataset and provides insight into positioning and risk appetite. The latest data show mixed positioning. S&P 500 front-month puts recorded the largest increase in open interest. Nasdaq puts remained dominant, while some longer-dated calls were reduced, indicating a defensive stance across equity indices. In crude oi
Futures Positioning Watch: US Index Shorts Retreat as Oil Bsulls Rush for the Exit
What Is CFTC Data, Why Does It Matter, and What Should Investors Watch? The Commitments of Traders (COT) report, published weekly by the US Commodity Futures Trading Commission (CFTC), is a key gauge of fund flows in global futures markets. Its main value lies in revealing who is driving prices. Market movements ultimately reflect competition among different types of capital, and CFTC data allow these participants to be analyzed separately. The analysis follows three main steps: Identify the dominant capital. For commodity futures such as WTI crude oil, gold and silver, the focus is on Managed Money net positions, which gauge the directional bias of speculative capital. Producer positions reveal commercial hedging pressure and help assess positioning structure and marke
Futures Insight: Oil Rallies as Inventories Build, Gold Destocks as Longs Retreat
Long Term Rates Fell This Week, Easing Discount Rate Pressure on Asset Valuations, While Fund Flows and Commodity Performance Remained Divergent.The 10 Year US Treasury Yield Declined to 4.99%, and the 10Y Minus 3M Spread Narrowed to 77 Basis Points as the Short End Remained Firm. Latest ETF Data Show That Overall Inflows Slowed. Equity ETF Inflows Were Broadly Flat, With a Larger Share Going to Overseas Equities, While Bond ETF Inflows Nearly Halved. Meanwhile, Crude Oil and Copper Edged Higher, but Gold Continued to Weaken, Indicating That Lower Rates Have Yet to Produce a Broad Commodity Rally. The Durability of the Price Recovery Will Depend on Regional Inventory Trends in Oil and Copper and the Pace of Long Liquidation in Gold. As of the US market close on October 27, 2026, the weekly
Macro Strategy Weekly: Will Key Supports Break This Week? A Bigger Correction Ahead?
Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how their views perform each week. Here is a preview of this week’s key ideas: Markets Turn Defensive as Volatility May Persist Through Next Year’s First Quarter Under the US dollar cycle model, market volatility could continue through the first quarter of next year. Safe haven, arbitrage and options strategies should therefore take priority. If US equities break below key trendlines, investors should focus on risk control. Gold is unlikely to regain bullish momentum before reclaiming its 20 day moving average. A confirmed break below $4,000 could open
Brace for a Sharp US Stock Correction! Nvidia Falls for a Third Week as Bearish Pressure Builds
Despite greater stability in the bond market last week, key market bellwethers such as Bitcoin and gold showed signs of downside breakdowns. US equities also reversed sharply from their highs on the weekly chart. With oil approaching its previous peak and a critical market window drawing closer, investors should remain alert to the risk of a major correction. Markets also faced pressure two weeks ago, although the weakness was not yet broad based. Conditions have since changed as Bitcoin and Ethereum failed to sustain their rallies, while gold extended its decline and broke below $4,000. Risk assets now face renewed pressure from a potential broad based selloff. $比特币(BTC.USD.HKCC)$
Despite greater stability in the bond market last week, key market bellwethers such as Bitcoin and gold showed signs of downside breakdowns. US equities also reversed sharply from their highs on the weekly chart. With oil approaching its previous peak and a critical market window drawing closer, investors should remain alert to the risk of a major correction. Markets also faced pressure tw
Live Highlights: U.S. Stocks' Last Dance Before Q4 Risks Erupt and 3 Top Trades
Last night, I hosted a livestream on Tiger Futures to discuss shifts in the broader U.S. stock market. I covered the U.S. Dollar Index, including its historical patterns and outlook, and shared trading strategies for currencies, crude oil, and gold. If you missed the session, watch the replay here >> 美股指新一輪的上升浪終於開始了?標普的反彈目標位會達到多少? Below, I have summarized the key market insights and trading views by topic, so those who missed the session can quickly understand my current outlook. First, a brief introduction: Cheng Jun is a professional trader and guest lecturer at CME Group. He previously served as General Manager of Gold Hea
Top Technical Picks: CRWV Selling Looks Excessive, HSI Needs to Clear 23,200 First !!
This technical review begins with CoreWeave (CRWV), a stock currently in focus. We examine what its break below $60 means as credit risk is repriced, then identify key technical levels for the Nasdaq, gold, crude oil, and the Hang Seng Index. The key question is whether the rebound after the sharp selloff can repair the technical damage and whether major support levels can hold. Let’s start with CRWV. CoreWeave: Credit Risk Repricing Pushes Shares Below $60 $CoreWeave, Inc.(CRWV)$$Tradr 2X Long CRWV Daily ETF(CWVX)$$Leverage Shares 2X Long CRWV Daily ETF(CRWG)$
Big Options Bets: US Index Put Blocks Explode as Gold $4,380 Calls Draw Heavy Positioning!
English version: Options on futures are derivatives linked to futures contracts. Trading volume and open interest reveal positioning across expiries and strikes, offering insight into market expectations, risk appetite, and potential support and resistance zones. However, they should not be treated as simple bullish or bearish signals. Today, we analyze changes in large options-on-futures trades and open interest on October 20 versus October 19. This is the latest available dataset and provides insight into positioning and risk appetite. The latest data show mixed positioning. S&P 500 front-month puts recorded the largest increase in open interest. Nasdaq puts remained dominant, while some longer-dated calls were reduced, indicating a defensive stance across equity indices. In crude oi
Weekly RSI is already overbought, but the monthly MACD just crossed up. Gold can still break out, just feels more like break then retest than a straight line rip.
🌟🌟🌟The recent collective surge in cybersecurity stocks to all time highs is primarily driven by a structural shift in enterprise risk: the rise of autonomous AI agents. Leading labs like OpenAI, Anthropic and Meta have noted that rogue or compromised AI agents operating at machine speed represent the single biggest threat vector today. This creates an entirely new cybersecurity paradigm where software must defend against automated, adaptive AI entities rather than traditional human hackers. $Palo Alto Networks(PANW)$ stands out as a good buy as its dedicated platform Prisma AI has been praised by enterprise customers for its ability in monitoring and securing autonomous machine to machine AI data flows across cloud networks. Cybersecurity
Futures Positioning Watch: US Index Shorts Retreat as Oil Bsulls Rush for the Exit
What Is CFTC Data, Why Does It Matter, and What Should Investors Watch? The Commitments of Traders (COT) report, published weekly by the US Commodity Futures Trading Commission (CFTC), is a key gauge of fund flows in global futures markets. Its main value lies in revealing who is driving prices. Market movements ultimately reflect competition among different types of capital, and CFTC data allow these participants to be analyzed separately. The analysis follows three main steps: Identify the dominant capital. For commodity futures such as WTI crude oil, gold and silver, the focus is on Managed Money net positions, which gauge the directional bias of speculative capital. Producer positions reveal commercial hedging pressure and help assess positioning structure and marke