07/23/2026

The Futures Rundown 84: Returning to the Scene of the Crime

Has crude oil finally returned to fair value after one of the year's biggest geopolitical shocks?

This week on The Futures Rundown, Mark Longo welcomes back Morad Askar of EdgeClear to examine why crude oil has retraced nearly its entire Iran-driven rally and what "returning to the scene of the crime" means from a market profile perspective. They also dive into the hottest futures markets, from energy and grains to metals, crypto, and equity indexes.

The discussion covers whether today's volatility is creating opportunity or chaos, why retail traders continue to dominate Nasdaq Micro futures, and what the return of single-stock futures could mean for active traders.

In this episode:

  • Why crude oil has returned to its pre-war equilibrium
  • WTI, Brent and the outlook for energy markets
  • Gold, silver and whether precious metals have finally found fair value
  • Coffee, cocoa, cattle and the surprising commodity landscape
  • Why Nasdaq Micro futures continue to dominate trading volume
  • Retail traders, prop firms and index futures activity
  • Bitcoin, Ethereum and crypto futures trends
  • The return of CME single-stock futures and why traders should pay attention