Weekly volatility report

A weekly look at some of the main movers in financial markets, covering a variety of asset classes.

The risers

Lean Hogs: this market is up 7% in a week, building on an existing rally that has barely paused since late February.

Fears of African swine fever in China have driven prices higher on expectations of lower supply. As a result, lean hogs have surged. Indeed, the rally has gone parabolic over the past month, with the latest surge taking the price above the 8513 level last seen in mid-2017. A sharp retracement may be in store, but 8513 will be initial support.

Cocoa: this has been a two-way market for some months now, but the price has recently broken out of a descending trend channel.

The breakthrough resistance around 2300 has been followed up with further gains, including above the previous high of mid-February at 2350. Further gains target 2450.

Platinum: it has been a good few months for platinum prices, which have hit a ten-month high.

The price has clocked up higher highs and higher lows since mid-February and has now pushed above the November high of 878. A possible bearish wedge is being formed, but for now a pullback may find support around 860. Further gains target 914.

The fallers

VIX: the volatility index has seen another decline, falling back from the 17 level that has acted as resistance in March and April.

The decline has stabilised around 15.5, but further falls target the lows of March at 14.8. A rebound targets 17.5, the peak seen in March and April.

Silver: the price has lost ground since mid-February, and it looks to be breaking lower from a bullish wedge.

This breakdown would then target $14.00 in the near term. A rebound requires a close above $15.30 to open the way to $15.60 and then $16.20.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 30
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.