Futures Trend Scan (VIDEO): May 2023 By, Gabriel Grammatidis

Scanning for trends, we see that US Equities look quite bullish (YM), especially as we get more confirmation from ES and NQ.

Over the last couple of weeks, Metals already showed good bullish moves, but we might see another sell-off to regain more strength for a multi-year uptrend.

In Energies, Crude Oil (CL) looks to have the most bullish potential as it seems forming an important low before another leg higher. Natural Gas trying to find a multi-year bottom.

Both the USD Index (DX) and the Interest Rates Futures offer a bullish and bearish scenario and the markets will tell.

 

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