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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Freight Futures data to watch today: Weekly Spot Settlement Changes
Although it was an abbreviated trading week for Tucking Freight Futures due to the Christmas holiday, there was a good deal of week-to-week (w/w) volatility, particularly in the East region. For the week, the spot National contract (FUT.VNU201912) rose $0.01,2 or 0.8%, to settle at $1.531/mile. The primary catalyst was the East regional contract (FUT.VEU201912), which jumped $0.033 or 2.1% to end the week at $1.603. Chipping in as well was the West regional contract (FUT.VWU201912), which settled 0.4% higher to $1.674. Feeling a bit of selling pressure was the South regional contract, which slipped 0.23% for the week and ended at $1.316.
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The lanes in the East continued to dominate the spotlight. The star for the week was the CHI to ATL contract (FUT.VCA201912), which surged $0.10, or 5.1%, to $2.063. Also making a significant move higher was the ATL to PHL contract (FUT.VAP201912), which gained $0.032, or 1.9%, to settle at $1.751. The PHL to CHI contract (FUT.VPC201912) slid $0.032, or 3.1%, to $0.996, giving back almost half of the 6.6% gain from the prior week.
A shift in trade flows has been cited as the driver. The LAX to SEA contract (FUT.VLS201912) in the West also enjoyed a positive week and rose $0.022, or 1.1%, to close at $2.107. This contract has 5,000 miles of open interest that are set to expire. The SEA to LAX contract (FUT.VSL201912) slipped 0.64%, ending the week at $1.242. In the South, both lanes fell, with the LAX to DAL contract (FUT.VLD201912) down 0.2% to $1.626 and the DAL to LAX contract (FUT.VDL201912) off 0.3% to $1.006.
FreightWaves SONAR: Tree Watchlist
SONAR Tickers: Tree Watchlist – w/w Changes in Spot Month Futures Settlements
Image Sourced from Pixabay
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.