Friday, June 5, 2026
TODAY'S MARKET MOVERS (All Times CT)
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Time (CT)
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Event
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Consensus
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Prior
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Impact
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Affected
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07:30 AM
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US: Employment Situation
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115K
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85K
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HIGH
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Macro, Rates, Indices, Currencies, Metals
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Source: CMEGroup.com
HOW TO USE THIS REPORT
This report provides daily market commentary. The Trend Probability Index (TPI) combines intraday range positioning with multi-timeframe pivot analysis to measure market structure. Unlike lagging indicators, MCI analyzes previous day's conviction to project the next session's probable trade setups. Each section presents the directional bias and key technical reference levels — pivot, support/resistance, and invalidation. Bias remains intact until settlement breaches the invalidation level. The framework is intended to inform your own analysis, not to replace it — apply independent judgment and risk management before any trading decision.
While others rely on lagging indicators, MCI measures directional bias through intraday range positioning and multi-timeframe technical structure. Trade smart. Trade informed. Trade with MCI.
MARGIN ESTIMATES: Margin and risk figures shown per contract are estimates based on exchange-published SPAN parameters and are subject to change without notice. Actual margin requirements are set by the exchanges and your FCM; always confirm with your broker before placing trades.
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MACRO
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Bloomberg Commodity Index (ERM26) | TPI: 0.40 | Bias: NEUTRAL
DESK NOTE: The broad commodity gauge slipped a point and a half and settled lower-mid, grains dragging while metals and energy pulled the other way — a wash that leaves it sitting right on the fence.
TECH: Close: 135.57 | High: 136.17 | Low: 135.13 | R2: 136.66 | R1: 136.12 | Pivot: 135.62 | S1: 135.08 | S2: 134.58 | Weekly Pivot: 136.00 | TPI: 0.40 | Min Fluc: 0.01 ($1.00)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 135.08 to 136.12
Upside Break: Above 136.12 targets 136.66
Downside Break: Below 135.08 targets 134.58
MARGIN: Initial: $937 | Maintenance: $833 | Min Fluc: 0.01 ($1.00)
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GRAINS & OILSEEDS
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Corn (ZCEN26) | TPI: 0.29 | Bias: BEARISH | Obj: 415.75
DESK NOTE: Corn couldn't find a bottom for a second straight session, 7 cents lower and offered into the close — the bounce the bulls keep waiting on still hasn't shown.
TECH: Close: 424.50 | High: 431.50 | Low: 421.50 | R2: 435.75 | R1: 430.25 | Pivot: 425.75 | S1: 420.25 | S2: 415.75 | Weekly Pivot: 435.00 | TPI: 0.29 | Min Fluc: 0.25 ($12.50)
TECHNICAL STRUCTURE: Below the Weekly Pivot (435.00), sellers remain in control.
Entry: Sell at 425.75 or below 420.25.
Stop: Above 430.25
Primary Target: 420.25
Extended Target: 415.75
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 430.25 negates the bearish setup.
MARGIN: Initial: $1,210 | Maintenance: $1,100 | Min Fluc: 0.25 ($12.50)
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Soybeans (ZSEN26) | TPI: 0.28 | Bias: BEARISH | Obj: 1100.25
DESK NOTE: Beans took the hardest hit on the board, 24.5 cents lower with sellers pressing the whole way down. No level has held yet.
TECH: Close: 1129.50 | High: 1155.25 | Low: 1120.50 | R2: 1169.75 | R1: 1149.75 | Pivot: 1135.00 | S1: 1115.00 | S2: 1100.25 | Weekly Pivot: 1150.25 | TPI: 0.28 | Min Fluc: 0.25 ($12.50)
TECHNICAL STRUCTURE: Below the Weekly Pivot (1150.25), sellers remain in control.
Entry: Sell at 1135.00 or below 1115.00.
Stop: Above 1149.75
Primary Target: 1115.00
Extended Target: 1100.25
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 1149.75 negates the bearish setup.
MARGIN: Initial: $2,420 | Maintenance: $2,200 | Min Fluc: 0.25 ($12.50)
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Soybean Oil (ZLEN26) | TPI: 0.20 | Bias: BEARISH | Obj: 74.22
DESK NOTE: Bean oil flipped from yesterday's lone green to today's casualty, 2.42 cents lower and closing in the lower range. Down this fast, a snap higher would catch the fresh shorts.
TECH: Close: 76.29 | High: 78.74 | Low: 75.96 | R2: 79.78 | R1: 78.03 | Pivot: 77.00 | S1: 75.25 | S2: 74.22 | Weekly Pivot: 77.31 | TPI: 0.20 | Min Fluc: 0.01 ($6.00)
TECHNICAL STRUCTURE: Below the Weekly Pivot (77.31), sellers remain in control.
Entry: Sell at 77.00 or below 75.25.
Stop: Above 78.03
Primary Target: 75.25
Extended Target: 74.22
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 78.03 negates the bearish setup.
MARGIN: Initial: $2,310 | Maintenance: $2,100 | Min Fluc: 0.01 ($6.00)
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Soybean Meal (ZMEN26) | TPI: 0.28 | Bias: BEARISH | Obj: 304.6
DESK NOTE: Meal followed the complex down, $7.10 lower and parked in the lower range, sellers still in command.
TECH: Close: 313.7 | High: 321.5 | Low: 310.8 | R2: 326.0 | R1: 319.9 | Pivot: 315.3 | S1: 309.2 | S2: 304.6 | Weekly Pivot: 319.9 | TPI: 0.28 | Min Fluc: 0.1 ($10.00)
TECHNICAL STRUCTURE: Below the Weekly Pivot (319.9), sellers remain in control.
Entry: Sell at 315.3 or below 309.2.
Stop: Above 319.9
Primary Target: 309.2
Extended Target: 304.6
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 319.9 negates the bearish setup.
MARGIN: Initial: $1,705 | Maintenance: $1,550 | Min Fluc: 0.1 ($10.00)
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Chicago Wheat (ZWAN26) | TPI: 0.24 | Bias: BEARISH | Obj: 572.50
DESK NOTE: Wheat leaked another 5.5 cents and settled near the lower end, never once mounting a push back toward the weekly line.
TECH: Close: 581.75 | High: 590.50 | Low: 579.25 | R2: 595.00 | R1: 588.50 | Pivot: 583.75 | S1: 577.25 | S2: 572.50 | Weekly Pivot: 596.25 | TPI: 0.24 | Min Fluc: 0.25 ($12.50)
TECHNICAL STRUCTURE: Below the Weekly Pivot (596.25), sellers remain in control.
Entry: Sell at 583.75 or below 577.25.
Stop: Above 588.50
Primary Target: 577.25
Extended Target: 572.50
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 588.50 negates the bearish setup.
MARGIN: Initial: $2,145 | Maintenance: $1,950 | Min Fluc: 0.25 ($12.50)
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KC HRW Wheat (KWEN26) | TPI: 0.36 | Bias: BEARISH | Obj: 609.75
DESK NOTE: KC gave up 3.75 cents but held mid range, the one grain that didn't close on its lows — small comfort in a sinking complex.
TECH: Close: 620.25 | High: 626.50 | Low: 615.50 | R2: 631.75 | R1: 626.00 | Pivot: 620.75 | S1: 615.00 | S2: 609.75 | Weekly Pivot: 635.00 | TPI: 0.36 | Min Fluc: 0.25 ($12.50)
TECHNICAL STRUCTURE: Below the Weekly Pivot (635.00), sellers remain in control.
Entry: Sell at 620.75 or below 615.00.
Stop: Above 626.00
Primary Target: 615.00
Extended Target: 609.75
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 626.00 negates the bearish setup.
MARGIN: Initial: $2,200 | Maintenance: $2,000 | Min Fluc: 0.25 ($12.50)
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LIVESTOCK
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Feeder Cattle (GFQ26) | TPI: 0.86 | Bias: BULLISH | Obj: 365.000
DESK NOTE: Feeders exploded higher, 10.75 cents up and slammed onto the session high — a complete about-face from last week's fade. Stretched this far this fast, the chase up here is the one that gets caught.
TECH: Close: 353.375 | High: 353.375 | Low: 335.950 | R2: 365.000 | R1: 359.175 | Pivot: 347.575 | S1: 341.750 | S2: 330.150 | Weekly Pivot: 348.000 | TPI: 0.86 | Min Fluc: 0.025 ($12.50)
TECHNICAL STRUCTURE: Above support, buyers retain control. Extended read — TPI 0.86 stretched into the highs; upside targets largely spent and reversal risk is elevated. Caution warranted.
Entry: Buy at 347.575 or above 359.175.
Stop: Below 341.750
Primary Target: 359.175
Extended Target: 365.000
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 341.750 negates the bullish setup.
MARGIN: Initial: $6,600 | Maintenance: $6,000 | Min Fluc: 0.025 ($12.50)
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Live Cattle (GLEQ26) | TPI: 0.81 | Bias: BULLISH | Obj: 247.600
DESK NOTE: Live cattle ran with the feeders, 3.675 cents firmer into an upper-range close and back in command. Extended up here, a pullback wouldn't surprise.
TECH: Close: 241.525 | High: 242.300 | Low: 233.975 | R2: 247.600 | R1: 244.550 | Pivot: 239.275 | S1: 236.225 | S2: 230.950 | Weekly Pivot: 239.275 | TPI: 0.81 | Min Fluc: 0.025 ($10.00)
TECHNICAL STRUCTURE: Above support, buyers retain control. Extended read — TPI 0.81 stretched into the highs; upside targets largely spent and reversal risk is elevated. Caution warranted.
Entry: Buy at 239.275 or above 244.550.
Stop: Below 236.225
Primary Target: 244.550
Extended Target: 247.600
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 236.225 negates the bullish setup.
MARGIN: Initial: $3,630 | Maintenance: $3,300 | Min Fluc: 0.025 ($10.00)
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SOFTS
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Sugar #11 (SBEV26) | TPI: 0.42 | Bias: NEUTRAL
DESK NOTE: Sugar went nowhere, a couple ticks softer and parked in the lower-mid range — two-sided and waiting.
TECH: Close: 14.73 | High: 14.93 | Low: 14.62 | R2: 15.07 | R1: 14.90 | Pivot: 14.76 | S1: 14.59 | S2: 14.45 | Weekly Pivot: 14.75 | TPI: 0.42 | Min Fluc: 0.01 ($11.20)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 14.59 to 14.90
Upside Break: Above 14.90 targets 15.07
Downside Break: Below 14.59 targets 14.45
MARGIN: Initial: $875 | Maintenance: $795 | Min Fluc: 0.01 ($11.20)
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Coffee (KCEU26) | TPI: 0.13 | Bias: BEARISH | Obj: 237.90
DESK NOTE: Coffee got crushed onto its low again, 5.2 cents lower with not a single bid to break the fall. This oversold, the squeeze back is the trade that stings the late shorts.
TECH: Close: 242.40 | High: 248.75 | Low: 242.20 | R2: 251.00 | R1: 246.70 | Pivot: 244.45 | S1: 240.15 | S2: 237.90 | Weekly Pivot: 250.50 | TPI: 0.13 | Min Fluc: 0.05 ($18.75)
TECHNICAL STRUCTURE: Below the Weekly Pivot (250.50), sellers remain in control. Extended read — TPI 0.13 stretched into the lows; downside targets largely spent and snapback/reversal risk is elevated. Caution warranted.
Entry: Sell at 244.45 or below 240.15.
Stop: Above 246.70
Primary Target: 240.15
Extended Target: 237.90
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 246.70 negates the bearish setup.
MARGIN: Initial: $6,827 | Maintenance: $6,206 | Min Fluc: 0.05 ($18.75)
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Cocoa (CCEU26) | TPI: 0.42 | Bias: NEUTRAL
DESK NOTE: Cocoa shed $100 yet settled mid range, a wide two-sided grind that resolved nothing.
TECH: Close: 4044 | High: 4148 | Low: 3969 | R2: 4233 | R1: 4138 | Pivot: 4054 | S1: 3959 | S2: 3875 | Weekly Pivot: 4078 | TPI: 0.42 | Min Fluc: 1 ($10.00)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 3959 to 4138
Upside Break: Above 4138 targets 4233
Downside Break: Below 3959 targets 3875
MARGIN: Initial: $6,380 | Maintenance: $5,800 | Min Fluc: 1 ($10.00)
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Cotton (CTEZ26) | TPI: 0.18 | Bias: BEARISH | Obj: 76.42
DESK NOTE: Cotton flipped hard — yesterday's lone bull gave back 2.02 cents and closed near the low, the weekly bid that propped it finally giving way. Down this sharply, the reversal risk now cuts the other direction.
TECH: Close: 78.49 | High: 81.08 | Low: 78.23 | R2: 82.12 | R1: 80.30 | Pivot: 79.27 | S1: 77.45 | S2: 76.42 | Weekly Pivot: 79.44 | TPI: 0.18 | Min Fluc: 0.01 ($5.00)
TECHNICAL STRUCTURE: Below the Weekly Pivot (79.44), sellers remain in control. Extended read — TPI 0.18 stretched into the lows; downside targets largely spent and snapback/reversal risk is elevated. Caution warranted.
Entry: Sell at 79.27 or below 77.45.
Stop: Above 80.30
Primary Target: 77.45
Extended Target: 76.42
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 80.30 negates the bearish setup.
MARGIN: Initial: $2,343 | Maintenance: $2,130 | Min Fluc: 0.01 ($5.00)
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METALS
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Gold (Q) (GCEQ26) | TPI: 0.49 | Bias: NEUTRAL
DESK NOTE: Gold clawed back 38.1 points and closed upper-mid, steadying after the prior session's slide — though it heads into Friday's employment print still trading beneath the weekly line.
TECH: Close: 4505.0 | High: 4543.2 | Low: 4450.1 | R2: 4592.5 | R1: 4548.8 | Pivot: 4499.4 | S1: 4455.7 | S2: 4406.3 | Weekly Pivot: 4527.4 | TPI: 0.49 | Min Fluc: 0.1 ($10.00)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 4455.7 to 4548.8
Upside Break: Above 4548.8 targets 4592.5
Downside Break: Below 4455.7 targets 4406.3
MARGIN: Initial: $29,696 | Maintenance: $26,996 | Min Fluc: 0.1 ($10.00)
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Silver (SIEN26) | TPI: 0.45 | Bias: NEUTRAL
DESK NOTE: Silver firmed $0.28 and finished mid range, the bid stabilizing alongside gold.
TECH: Close: 73.971 | High: 75.335 | Low: 72.570 | R2: 76.725 | R1: 75.345 | Pivot: 73.960 | S1: 72.580 | S2: 71.195 | Weekly Pivot: 74.630 | TPI: 0.45 | Min Fluc: 0.005 ($25.00)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 72.580 to 75.345
Upside Break: Above 75.345 targets 76.725
Downside Break: Below 72.580 targets 71.195
MARGIN: Initial: $45,771 | Maintenance: $41,610 | Min Fluc: 0.005 ($25.00)
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Copper (CPEN26) | TPI: 0.65 | Bias: BULLISH | Obj: 6.6480
DESK NOTE: Copper reclaimed the bid it lost a day earlier, 2.75 cents firmer into an upper-range close — leadership back in the red metal.
TECH: Close: 6.5350 | High: 6.5625 | Low: 6.4205 | R2: 6.6480 | R1: 6.5915 | Pivot: 6.5060 | S1: 6.4495 | S2: 6.3640 | Weekly Pivot: 6.5345 | TPI: 0.65 | Min Fluc: 0.0005 ($12.50)
TECHNICAL STRUCTURE: Above support, buyers retain control.
Entry: Buy at 6.5060 or above 6.5915.
Stop: Below 6.4495
Primary Target: 6.5915
Extended Target: 6.6480
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 6.4495 negates the bullish setup.
MARGIN: Initial: $13,200 | Maintenance: $12,000 | Min Fluc: 0.0005 ($12.50)
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ENERGY
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Crude Oil (CLEN26) | TPI: 0.43 | Bias: NEUTRAL
DESK NOTE: Crude handed it all back — nearly $3 lower after yesterday's surge, the buyers who pressed it to the top nowhere to be found today. Right back to neutral.
TECH: Close: 93.04 | High: 95.91 | Low: 91.91 | R2: 97.62 | R1: 95.33 | Pivot: 93.62 | S1: 91.33 | S2: 89.62 | Weekly Pivot: 92.13 | TPI: 0.43 | Min Fluc: 0.01 ($10.00)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 91.33 to 95.33
Upside Break: Above 95.33 targets 97.62
Downside Break: Below 91.33 targets 89.62
MARGIN: Initial: $12,885 | Maintenance: $11,467 | Min Fluc: 0.01 ($10.00)
Mini equivalent: E-Mini Crude (QMEN26) — same levels apply, half size. Margin: ~$6,442 init / ~$5,734 maint.
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Natural Gas (NGEN26) | TPI: 0.71 | Bias: BULLISH | Obj: 3.473
DESK NOTE: Natural gas built on the prior firm tone, 12.2 cents higher into the upper range — the quiet bid in the energy patch.
TECH: Close: 3.336 | High: 3.376 | Low: 3.211 | R2: 3.473 | R1: 3.404 | Pivot: 3.308 | S1: 3.239 | S2: 3.143 | Weekly Pivot: 3.277 | TPI: 0.71 | Min Fluc: 0.001 ($10.00)
TECHNICAL STRUCTURE: Above support, buyers retain control.
Entry: Buy at 3.308 or above 3.404.
Stop: Below 3.239
Primary Target: 3.404
Extended Target: 3.473
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 3.239 negates the bullish setup.
MARGIN: Initial: $5,830 | Maintenance: $5,188 | Min Fluc: 0.001 ($10.00)
Mini equivalent: E-Mini Natural Gas (QGEN26) — same levels apply, quarter size. Margin: ~$1,458 init / ~$1,297 maint.
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CURRENCIES
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Euro FX (EU6M26) | TPI: 0.37 | Bias: BEARISH | Obj: 1.15720
DESK NOTE: The euro inched up but stayed heavy, a handful of pips firmer and still pinned in the lower-mid range. Payrolls Friday is the read that decides it — a soft employment number is what finally lifts it off these lows.
TECH: Close: 1.16195 | High: 1.16505 | Low: 1.15995 | R2: 1.16740 | R1: 1.16470 | Pivot: 1.16230 | S1: 1.15960 | S2: 1.15720 | Weekly Pivot: 1.16375 | TPI: 0.37 | Min Fluc: 0.00005 ($6.25)
TECHNICAL STRUCTURE: Below the Weekly Pivot (1.16375), sellers remain in control.
Entry: Sell at 1.16230 or below 1.15960.
Stop: Above 1.16470
Primary Target: 1.15960
Extended Target: 1.15720
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 1.16470 negates the bearish setup.
MARGIN: Initial: $2,640 | Maintenance: $2,400 | Min Fluc: 0.00005 ($6.25)
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Japanese Yen (JY6M26) | TPI: 0.18 | Bias: BEARISH | Obj: 0.0062390
DESK NOTE: Yen sat on its low again, flat on the day but offered into the bell — coiled this tight down here, a snapback would do real damage.
TECH: Close: 0.0062535 | High: 0.0062710 | Low: 0.0062515 | R2: 0.0062780 | R1: 0.0062660 | Pivot: 0.0062585 | S1: 0.0062465 | S2: 0.0062390 | Weekly Pivot: 0.0062660 | TPI: 0.18 | Min Fluc: 0.0000005 ($6.25)
TECHNICAL STRUCTURE: Below the Weekly Pivot (0.0062660), sellers remain in control. Extended read — TPI 0.18 stretched into the lows; downside targets largely spent and snapback/reversal risk is elevated. Caution warranted.
Entry: Sell at 0.0062585 or below 0.0062465.
Stop: Above 0.0062660
Primary Target: 0.0062465
Extended Target: 0.0062390
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement above 0.0062660 negates the bearish setup.
MARGIN: Initial: $2,860 | Maintenance: $2,600 | Min Fluc: 0.0000005 ($6.25)
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INDICES
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E-Mini NASDAQ 100 (ENQM26) | TPI: 0.63 | Bias: BULLISH | Obj: 30866.50
DESK NOTE: Nasdaq printed red on the screen, 145 points lower net, but the close up in the upper range tells the real story — buyers stepped in all afternoon and turned the tape.
TECH: Close: 30488.25 | High: 30603.25 | Low: 30151.00 | R2: 30866.50 | R1: 30677.25 | Pivot: 30414.25 | S1: 30225.00 | S2: 29962.00 | Weekly Pivot: 30482.25 | TPI: 0.63 | Min Fluc: 0.25 ($5.00)
TECHNICAL STRUCTURE: Above support, buyers retain control.
Entry: Buy at 30414.25 or above 30677.25.
Stop: Below 30225.00
Primary Target: 30677.25
Extended Target: 30866.50
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 30225.00 negates the bullish setup.
MARGIN: Initial: $43,591 | Maintenance: $38,795 | Min Fluc: 0.25 ($5.00)
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E-Mini Dow (YMM26) | TPI: 0.82 | Bias: BULLISH | Obj: 52389
DESK NOTE: The Dow led the charge back, an enormous 868 points higher and slammed onto the high, blue chips erasing yesterday's rout in a single session. Up this violently, the move is stretched — chasing the high here is how you get trapped.
TECH: Close: 51671 | High: 51752 | Low: 50756 | R2: 52389 | R1: 52030 | Pivot: 51393 | S1: 51034 | S2: 50397 | Weekly Pivot: 51376 | TPI: 0.82 | Min Fluc: 1 ($5.00)
TECHNICAL STRUCTURE: Above support, buyers retain control. Extended read — TPI 0.82 stretched into the highs; upside targets largely spent and reversal risk is elevated. Caution warranted.
Entry: Buy at 51393 or above 52030.
Stop: Below 51034
Primary Target: 52030
Extended Target: 52389
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 51034 negates the bullish setup.
MARGIN: Initial: $19,157 | Maintenance: $17,049 | Min Fluc: 1 ($5.00)
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E-Mini Russell 2000 (RTYM26) | TPI: 0.78 | Bias: BULLISH | Obj: 2987.4
DESK NOTE: Small caps tore back, 43.9 points higher and closing near the top, last week's bid reclaimed in a hurry.
TECH: Close: 2939.3 | High: 2948.3 | Low: 2885.1 | R2: 2987.4 | R1: 2963.4 | Pivot: 2924.2 | S1: 2900.2 | S2: 2861.0 | Weekly Pivot: 2923.3 | TPI: 0.78 | Min Fluc: 0.1 ($5.00)
TECHNICAL STRUCTURE: Above support, buyers retain control.
Entry: Buy at 2924.2 or above 2963.4.
Stop: Below 2900.2
Primary Target: 2963.4
Extended Target: 2987.4
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 2900.2 negates the bullish setup.
MARGIN: Initial: $13,570 | Maintenance: $12,077 | Min Fluc: 0.1 ($5.00)
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E-Mini S&P 500 (EPM26) | TPI: 0.75 | Bias: BULLISH | Obj: 7666.00
DESK NOTE: The S&P rebounded with the group, 29.25 points higher into an upper-range close — risk-on, and squarely positioned ahead of a payrolls print that will test whether the bounce has legs.
TECH: Close: 7601.00 | High: 7611.50 | Low: 7524.50 | R2: 7666.00 | R1: 7633.50 | Pivot: 7579.00 | S1: 7546.50 | S2: 7492.00 | Weekly Pivot: 7586.00 | TPI: 0.75 | Min Fluc: 0.25 ($12.50)
TECHNICAL STRUCTURE: Above support, buyers retain control.
Entry: Buy at 7579.00 or above 7633.50.
Stop: Below 7546.50
Primary Target: 7633.50
Extended Target: 7666.00
Trail: Move risk to Pivot after Primary Target
Invalidation: Settlement below 7546.50 negates the bullish setup.
MARGIN: Initial: $31,183 | Maintenance: $27,752 | Min Fluc: 0.25 ($12.50)
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RATES
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10-Year T-Note (TYAU26) | TPI: 0.48 | Bias: NEUTRAL
DESK NOTE: The ten-year held a quiet bid even as equities ripped higher, 4.5 ticks firmer with the curve not fully buying the risk-on move. It all re-prices Friday morning: the employment report is the print that moves the whole front end, and the tape is coiled into it.
TECH: Close: 109-19'0 | High: 109-25'0 | Low: 109-12'5 | R2: 109-31'5 | R1: 109-25'0 | Pivot: 109-19'0 | S1: 109-12'5 | S2: 109-06'5 | Weekly Pivot: 109-20'5 | TPI: 0.48 | Min Fluc: 0.015625 ($15.625)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 109-12'5 to 109-25'0
Upside Break: Above 109-25'0 targets 109-31'5
Downside Break: Below 109-12'5 targets 109-06'5
MARGIN: Initial: $2,346 | Maintenance: $2,087 | Min Fluc: 0.015625 ($15.625)
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CRYPTO
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Micro Bitcoin (MBTM26) | TPI: 0.41 | Bias: NEUTRAL
DESK NOTE: Bitcoin steadied after the week's slide, 165 points higher and closing the upper-mid range — firmer, but still well under where it spent last week.
TECH: Close: 63960 | High: 64030 | Low: 63865 | R2: 64115 | R1: 64040 | Pivot: 63950 | S1: 63875 | S2: 63785 | Weekly Pivot: 67420 | TPI: 0.41 | Min Fluc: 5 ($0.50)
TECHNICAL STRUCTURE: Market remains range-bound with no confirmed directional edge.
Range: 63875 to 64040
Upside Break: Above 64040 targets 64115
Downside Break: Below 63875 targets 63785
MARGIN: Initial: $2,761 | Maintenance: $2,457 | Min Fluc: 5 ($0.50)
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The views and opinions expressed in this report are those of author and do not necessarily reflect the official policy or position of RJO Futures, a StoneX Company. This analysis represents the author's independent research and technical methodology.
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This material was prepared using CQG data feed.
