Es futures tick value price action in overnight Globex

Price action in overnight Globex suggests Asian market sentiment leaning bullish, affecting early U.S. session flows. Whether Rensch will wear Barcelona’s colours or opt for a move to England remains to be seen. Delivery procedures vary depending on the market and are detailed in the contract specs. Many commodity futures specify a geographic location near major production regions. For example, WTI crude futures require delivery at a major oil storage and pipeline transit location in Cushing, Oklahoma. Delivery of a corn futures contract might involve the exchange of a warehouse receipt representing 5,000 bushels sitting in a warehouse in Chicago, Toledo, or another Midwestern port. An ES futures tick value of $12.50 prompts traders to fine-tune stop-loss ranges. Tape reading indicates iceberg orders accumulating at 5,015, which could serve as near-term support in E-mini S&P 500 futures.