Energies Insight w/ OPEC and Futures Support and Resistance Levels 01.04.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Energies Insight by John Thorpe, Senior Broker
O.P.E.C. will make a decision on output policy for February when they meet tomorrow. Please expect and prepare accordingly in the early A.M. and anticipate additional volatility not only in the energy markets , CL
and Heating oil
but also in the Equity indices ES, MES
, NQ, MNQ
, YM, MYM
, and food markets as OPEC will be meeting in Vienna at 8a.m. EST (1 p.m. Central European TIme zone ) in light of the current restrictions and challenges related to the COVID-19 pandemic, please find the expected hours of release useful. Will their decision add to the existing inflationary concerns or will OPEC concede it’s output tightening instituted in 2020 has run it’s course and agree to raise it’s output limits in a measured approach or more substantially? The bond market
has taken a nose dive in recent days and interest rates are expected to rise , tightening credit, Metals have also sold off in anticipation of easing inflationary pressures. Manage your risk well this week.
1. The 36th JMMC Meeting is scheduled to take place on Tuesday, 4 January 2022, at
13:00 (CET) via videoconference.
2. On the same day, 4 January 2022, the 24th OPEC and non-OPEC Ministerial Meeting
is slated to convene at 14:00 (CET) via videoconference.
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Tags: Brent Crude > Crude Inventories Report > Crude oil futures > Crude Oil Futures Trading > crude oil news > Heating Oil Futures > Natural gas > Natural Gas market > OPEC Meeting > RBOB Gasoline Futures > Trading Crude Oil Futures
Posted in: Energy Futures | Future Trading News