Make This 1 Trade Now as Inflation Still Runs Hot
Treasury note futures are showing potential for profitable trades due to current market conditions. In the past week, December U.S. T-Note futures have been in a sideways trading range, hovering near recent contract lows. This has given bears the overall technical advantage.
CFTC states, "Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS." Therefore, before making any investment decisions, it is crucial to consider one's financial experience, goals, and resources, as well as understand the risks involved.
Nvidia earnings and Jackson Hole economic conference are highlighted as key events to watch this week. Barchart data suggests potential movement in Nvidia stock (NVDA) following these events.
The source advises that a decline below the chart support level of 107.22.5 in December T-Note futures could present a selling opportunity. The downside price objective in such a scenario would be 105.000. Protective buy stops, if considering a short-term bullish outlook, can be placed just above the August high of 108.27.5.
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