Nasdaq100 futures futures on the Nasdaq100 posted a 0

Futures on the Nasdaq100 posted a 0.27% uptick to 18,210 ahead of Fed Chair Powell’s remarks, with market-implied probabilities showing a 62% chance of a September rate cut. Many traders are hedging through QQQ options to capture potential upside volatility. Software is difficult to replicate at scale and results in a stellar gross margin of 82.8% Natural gas prices (/NGU5) rose Friday morning by more than 3%, but prices are on track to record a weekly loss. The Energy Information Administration (EIA) said yesterday that natural gas stocks rose 56 billion cubic feet for the week ending August 8. Gas consumption rose compared with the previous week, according to S&P Global Commodity Insights data. However, supply continued to rise and imports from Canada accelerated. That, along with a mild weather forecast for the United States through the rest of the month, has put pressure on the commodity. Prices are now back at the falling 9-day EMA and below the 3 handle, which leaves bears in control going into the weekend. Nasdaq100 futures remain well-bid as capital flows shift back into US large-cap tech. A break above 18,300 could act as a catalyst for CTA-driven momentum buying, possibly setting up the next rally leg.