Latest Jobless Claims Report Higher Than Expected

Initial weekly jobless claims came in at 419K versus the expected 350K. Putting it back above 400K will catch some eyeballs, says Dan Deming of KKM Financial. Dan sees 66.65 as the lower end on the crude (/CL) chart, with around 72 as resistance. The S&P 500 (/ES) is holding the 50-day moving average, he adds. He and Ben also discuss the crude and copper (/HG) relationship.

Futures

22 Jul 2021

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7:00 am
Market Overtime
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Latest Jobless Claims Report Higher Than Expected

Initial weekly jobless claims came in at 419K versus the expected 350K. Putting it back above 400K will catch some eyeballs, says Dan Deming of KKM Financial. Dan sees 66.65 as the lower end on the crude (/CL) chart, with around 72 as resistance. The S&P 500 (/ES) is holding the 50-day moving average, he adds. He and Ben also discuss the crude and copper (/HG) relationship.

Futures

22 Jul 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US