Why Both Copper and Oil May Be Poised for a Bounce

The video discusses recent market volatility, focusing on the S&P 500 E-mini futures, oil, and copper. It highlights mixed asset performance, with oil showing some resilience. Copper is analyzed for potential bullish patterns, despite a downtrend. An interview with John Cavalos provides insights into market trends and copper's potential bottoming pattern. The video also explores oil market trends, emphasizing a key support level at $64 per barrel. Finally, it examines E-mini futures, noting critical support levels and potential for a bounce.

What was the performance of the S&P 500 E-mini futures mentioned in the video?

• Up 1.4%

• Flat

• Up 2%

• Down 1.4%

What pattern is potentially forming in the copper market according to the analysis?

• Descending triangle

• Cup and handle

• Inverse head and shoulders

• Double top

What is the significant support level for oil discussed in the video?

• $80

• $75

• $64

• $50

What is the critical support level for the S&P 500 E-mini futures?

• 2500

• 2690

• 2800

• 3000

What is the Fibonacci retracement level mentioned in relation to the S&P 500 E-mini futures?

• 61.8%

• 50%

• 23.6%

• 38.2%