The CME Group represents the largest futures and options market in the U.S., facilitating trade in both financial and commodity contracts with a rich history dating back to 1919.
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange operated by CME Group. It is one of the world's largest and most influential commodity exchanges, facilitating the trading of energy, metal, and other physical commodity futures and options.
A prominent futures exchange in New York dealing in oil products, metals, and other commodities. Acquired COMEX in 1994, and was later purchased by the Chicago Mercantile Exchange in 2008.
A marked rise in the price of a security, commodity future, or market after a period of decline or sideways movement.
The Random Walk Theory posits that the movement of stock and commodity futures prices is inherently unpredictable, given that past price movements cannot accurately forecast future price trends.
The term 'spread' can refer to several different financial concepts, including the difference between buying and selling prices, the diversity in a portfolio, and a strategy in commodity futures.
The day on which a security or commodity future trade actually takes place. The settlement date usually follows the trade date by three business days but can vary depending on the transaction and method of delivery used.
A Trend Line is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trend lines are a visual representation of support and resistance in any timeframe and are used by technical analysts to chart the past direction of a security or commodity future. By identifying these trends, analysts can make informed predictions about future price movements.
An uptrend refers to the general upward direction in the price of a stock, bond, commodity futures contract, or overall market, characterized by higher highs and higher lows over a period.
