Mar 28, 2016, (9:08AM EDT)
After trading with considerable gains through the session; U.S. stock futures have started trimming those gains as Oil futures start going back towards day’s lower levels.
There have been positive reports about personal incomes from the U.S. economy, adding pressure on stock futures. Some more reports are scheduled for release, especially about Home Sale numbers, giving speculators more chances to increase volatility during that time.
Expect U.S. markets to trade with some choppiness as the Fed’s rate hike possibility next month keeps gaining momentum. Oil is also adding to this churning with its range bound trading pattern.
If Crude Oil futures fall further, expect U.S. markets to follow that pattern. A rise in Oil futures could have the same effect on major U.S. indexes.
Good luck, enjoy the session!