RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

As we await the inauguration of President-Elect Joe Biden, the markets have been quite friendly as the promise of continued influx of cash should prompt more buying of commodities and equities. The efforts initiated by the Trump Administration to distribute vaccines across the world at unprecedented speeds, coupled with whopping stimulus measures have created optimism through the promise of a slow but sure to return level of normalcy. How the Biden Administration accelerates or slows this moving train remains to be seen. The new administration promises increased corporate tax hikes, weighed against increased infrastructure spending, all while the impending shadow of massive inflationary fears looms imminent.

Brazilian coffee exports for 2020 were at a record high, and this should help the March Coffee futures gain continued ground and attract more bullish activity. A clear and decisive hold above the 50-day moving average (located at the 120.00 level) and subsequent rally and break above the 129.50 resistance level should signal a retest of the 135 level over the next few weeks.

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Adam Tuiaana

Senior Market Strategist
Adam grew up in Chicago and was always fascinated by the fast-paced action found in the futures market hub there. He began participating in the financial markets by trading stocks in 1997 and began his career as a trading consultant with RJO Futures in March of 2009. At RJO, he specializes in risk management and disciplined trading plans, and is focused on educating clients with one-on-one consulting and training. Adam believes the best approach to trading is to take a measured and objective approach and let the markets guide your decisions.
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