Futures Market Wrap

Stock Index Futures

• S&P, Nasdaq, and Dow futures up 1%+, extending the rebound as volatility cools.
• Tech and discretionary leading; breadth solid across sectors.

Metals

• Silver up ~5% on safe‑haven flows + momentum buying.
• Gold up ~2%, supported by softer yields and positioning ahead of tomorrow’s Beige Book.

️ Crude Oil

• WTI down over $6, trading near $92.
• Why the drop:
• Geopolitical premium continues to unwind.
• Traders reducing exposure ahead of tomorrow’s EIA inventory release.
• Expectations for higher U.S. production and softer global demand.
• Stronger dollar weighing on commodities broadly.

Grains & Import Flow

• Latest import data shows steady to slightly higher inflows for corn and wheat.
• Market takeaway:
• Confirms ample global supply.
• Could soften near‑term demand for U.S. exports.
• Sets the stage for a cautious tone heading into tomorrow’s grain report.

Beige Book — Tomorrow

• Markets are positioning for:
• A read on regional economic activity.
• Signals on labor cooling, wage pressures, and consumer spending.
• Any tone shift that could influence rate expectations.
• Metals strength today partly reflects anticipation of a neutral‑to‑dovish narrative.

Looking Ahead to Tomorrow

️ EIA Crude Oil Inventories

• The key catalyst for energy.
• Watch for:
• Whether last week’s draw reverses.
• Refinery utilization trends.
• Any surprise builds that could push crude toward the high‑80s.

Grain Report

• Traders watching:
• Updated supply/demand balance.
• Export pace vs. rising import competition.
• Any revisions that could shift corn/beans/wheat sentiment into the weekend.

Housing Data

• Housing Starts & Permits expected.
• A softer print would reinforce the “slowing inflation, cooling growth” theme helping metals.

Earnings

• Key names across financials, tech, and industrials.
• Market focus:
• Forward guidance.
• Margin commentary.
• Consumer demand signals heading into summer.

May Cotton

May Cotton satisfied its low percentage fourth upside PriceCount objective to the 74.34 area. This suggests that the chart may have come far enough to satisfy this phase of the bull run.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for April 14th

Daily Levels for April 14th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!