Weekly Market Recap – November 27, 2020

In the Markets

After a month of new jobless claims decreasing, the tally reversed direction with 778,000 requests for unemployment benefits. The previous week had 748,000. The total number of Americans who continue to be out of work is now 20.45 million (vs. 20.32 million.) Economic data releases and indices, compared to their prior levels, were as follows: the consumer confidence index was 96.1 vs. 101.9, durable goods were 1.3% vs. 2.1%, core capital goods were 0.7% vs. 1.9%, personal income was down 0.7%, erasing the previous +0.7% and consumer spending rose 0.5% vs. 1.2%. At the end of last week, there had been 256,000 COVID-19 deaths reported in the US, up 26,000 in 30 days. Coronavirus hospitalizations stand at 90,000 nationwide, compared with 80,000 the previous week. News about vaccine development continues to be the light at the end of the tunnel. On Monday, the General Services Administration informed President-elect Biden that it would begin the formal transition process.

US stock market investors had something to be thankful for as they enjoyed new record highs. The increase in states certifying their vote counts for the U.S. presidential election,, along with encouraging news on coronavirus vaccine production, bolstered buying. The DJIA finally breached the 30,000 mark on Tuesday. The weekly gain of 646.62  (+2.2%) sent the index to 29,910.37 at the close. The S&P 500 also entered new territory, adding 80.81 points, ending at 3,638.35 (+2.3%), and the Russell 2000 increased 3.9% with a 5.65 gain that took it to 126.53. The NASDAQ Composite also closed at an all-time high (12,205.85), having advanced 350.88 (+3.0%). The election certainty was also a factor for the “fear index” slippage. The VIX fell 2.86 (-12.1%), making its end-of-week value of 20.84 the lowest close since February 21st when it settled at 17.08 just before the stock market crashed. The US Dollar Index continued its downtrend, falling 0.610 (-0.7%) to 91.78 on Friday, a level not traded since April of 2018.  Also returning to an early pandemic level was the GSCI commodity price benchmark, rising 14.20 (+3.8%). The index finished the week at 388.06, its highest Friday close since 400.53 on February 21st.

The industrial metals we track were in the plus column. Aluminum for three-month delivery on the LME has been challenging $2,000 in a few recent sessions. Friday’s p.m. ring price of  $1,998.50 per ton was the highest end-of-week level since November 2018. Likewise, COMEX copper popped into a range not visited for thirty months. Spot month high-grade copper rallied 10.85¢ (+3.3%), settling at $3.395 per pound. The precious category was mixed; the most active members headed south, as gold futures shed $90.10 (-4.8%), ending at $1,788.10 per troy ounce, revisiting the $1,700s for the first time since June. Silver dived $1.852 (-7.6%) to its $22.639 settlement price, the lowest Friday close since July.  Platinum and palladium are still gaining strength due to physical demand for commercial applications. The former increased $7.60 (+0.8%) to its $964.80 close, while the latter jumped to $2,439.70 with a rise of $98.80 (+4.2%) in the March contract.

NYMEX crude oil prices made a solid advance as January WTI ended Friday’s session at $45.53 by rallying $3.11 (+7.3%), and ICE Brent shot up $3.22 (+7.2%) to settle at $48.18 per barrel. Refined products soared, as well. Heating oil gained 9.36¢ to close at $1.3849 (+7.2%), while RBOB gasoline gained 9.57¢, settling at $1.2660 (+8.2%). Natural gas futures have stabilized their free-fall, however, bearish weather fundamentals are still dominating the analyst reports. January natgas managed a 7.3¢ (+2.2%) gain for the week, still reeling from its nearly 20% collapse in four weeks. Friday’s close was $2.843 per MMBtu.

In agricultural markets, price direction was mostly higher. Of the nine products we regularly include in this category, seven moved higher and two were lower. Coffee rose 6.15½ (+5.2%) with the March ICE futures ending the week at $1.2420 per pound. Cocoa gained $54 (+2.0%), settling at $2,766 per metric ton. Cotton managed a small 0.28 rise (+0.4%), as the March contract closed at 73.24¢ per pound. Sugar was the loser in the ICE softs, slipping 0.39¢ (-2.6%) to its 14.82¢/lb. close. In the Chicago markets, cattle rose 2.600 (+2.3%) to 113.250, while hog futures moved down 1.100 (-1.7%) closing at 64.250¢/lb. at the week’s end. The CBT grains and oilseeds modestly maintained their upward trends. January soybeans gained 0.9% with a 10¾¢ move to $11.91¾ per bushel.  The price of March wheat is back over six dollars, but barely so, ending at $6.06 with a 6½¢ gain (+1.1%). Corn increased 5½ ¢ (+1.3%) to a $4.33¾ settlement for March delivery.

World Cup Trading Championships®

In Futures, Stefan Seibert held 1st with a 353.8% net return. Michael O’Keeffe remained in 2nd with a net return of 269.8%. Yuwen Cao remained in 3rd with a net return of 225.1%. Brent Carlile and Evgeny Kartashov rounded out the top 5 with net returns of 195.6% and 165.8% respectively.

In the Forex division, Patrick Nill held the top spot with a 244.2% net return. Sergey Shirko held 2nd with a 157.7% net return, with Raul Glavan in 3rd with a net return of 127.2%. Jan Smolen and Scott Welsh rounded out the top 5 with net returns of 98% and 91.2% respectively.

In the futures division of the 2020-2021 Global Cup Trading Championship,  Stefan Seibert maintained first with a net return of 145%, with Patrick Nill in 2nd with a 103.4% net return. 3rd place is currently held by Cristian Franchi with a net return of 97.8%. Fernando C. Piñeiro and M. Vontobel of Tirutrade AG finished the week in 4th and 5th with 88.8% and 81.9% net returns respectively.



Trading futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results. World Cup Championship (WCC ) accounts do not necessarily represent all the trading accounts controlled by a given competitor. WCC competitors may control accounts that produce results substantially different than the results achieved in their WCC accounts. WCC entrants may trade more than one account in the competition. CME Group is the trademark of CME Group, Inc. The Globe logo is a trademark of Chicago Mercantile Exchange, Inc.

Scroll to Top

Privacy Policy

WorldCupChampionships.com (WCC) is committed to protecting your privacy. The information we collect from you comes primarily from requests for more information and includes contact information. It is necessary for us to obtain this information in order to fulfill requests for more information and to provide you with email notification services.  Although we provide secure areas on our site for you to enter your information, you may provide required information over the telephone or via email if you prefer. We maintain physical, electronic, and procedural safeguards to maintain the confidentiality of your information, and use reasonable security methods to protect the data that resides on our servers.


Access to information about you is provided only to entities affiliated with WorldCupChampionships.com and to those employees and authorized agents who need to know that information in order to provide requested products and services to you. We will not disclose your personal information to any other source, except when authorized by you or when we believe in good faith that we are required to do so by law or in order to protect our rights or property.


We may also disclose your personal information to third parties in the normal course of business, including but not limited to: (i) payment networks, and the members of such networks; (ii) electronic funds transfer networks; (iii) clearing and settlement banks; (iv) service companies that perform business operations for WCC, including but not limited to account statement preparation and mailing services; (v) courts, independent auditors, law enforcement agencies and other governmental authorities, regulatory bodies or agencies in response to subpoenas, to prevent fraud, during the course of an audit or examination or as required by law; and (vi) collection agencies, credit reporting agencies, business credit bureaus or other parties associated in collecting any debt owed to us.


Service companies also are prohibited from using personal information for any reason other than to provide the specific products or services intended. WCC reserves the right to transfer personal information in connection with the sale of all or part of its business or assets.


We use cookies (small data files containing information) to improve the functionality of our web site and enhance the member experience. The usage information we compile assists us in maintaining and improving our site.


WCC limits the collection of data to that which is necessary, and will only use personal data for the legitimate purpose for which the personal data is collected. Upon request, WCC will delete or transfer any personal data with consideration to regulatory restrictions and/or requirements imposed by the NFA (National Futures Association), CFTC (Commodity Futures Trading Commission), FINRA (Financial Industry Regulatory Authority) or other governing bodies and regulatory agencies.


All data processing is for a legitimate purpose. For regulatory purposes, WCC retains certain information pertaining to persons who access our system. WCC collects information in order to provide requested information about our services, which primarily includes only name, email address and telephone number. In certain cases we may collect other data used to send customized offers based on information you provide regarding your interests.


Periodically, we may invite you to participate in various promotions and offers offered by WorldCupChampionships.com or other sponsoring organizations. Your participation may require us to gather and share your personal information or may require you to provide personal information to the promotion sponsor. Participation in such programs will always be your choice.


We are not responsible for the privacy policies or the content of sites we link to and have no control over the use or protection of information provided by you or collected by those sites. Whenever you elect to link to another web site, you may be asked to provide registration or other personal information. Remember, the information you are providing is going to a third party, and you should familiarize yourself with the privacy policy provided by that third party.



Information collected may be retained for a period of five (5) years or more, depending on whether the information is transactional, marketing related or falls under requirements set forth by regulatory or government bodies including, but not limited to, the NFA, CFTC, or FINRA.



Designated personnel have access to personal data stored by WCC. Additionally relevant client designated administrators may be granted access to personal data pertaining to the client’s employees. In some cases third-party vendors of WCC  (such as IT consultants) may need to access this data, however in all cases they will be required to comply with internal WCC Information Security Policies and Procedures.  You have the right to receive from WCC confirmation on whether your personal data has been processed or whether WCC holds your personal data.  Upon request, WCC will provide you with the personal data that WCC has regarding you.



WCC respects your rights as a data subject.


Transparency, information, and answers to requests: WCC adheres to the principle of transparency in processing.  For any questions regarding this policy, you may contact us at  info@worldcupchampionships.com. We will respond without undue delay and in any case within one week upon receipt of the request.


Access: You have the right to receive from WCC confirmation on whether your personal data has been processed or whether WCC holds your personal data.  Upon request, WCC will provide you with the personal data that WCC has regarding you.


Rectification: You have the right to require the rectification of inaccurate data relating to you without undue delay, as well as incomplete data if necessary for processing.


Erasure: You have the right to ask for the erasure of personal data concerning you without undue delay.  WCC will not proceed with the erasure of personal data if the data must be maintained for a legal obligation or in cases where the processing is required for the establishment, exercise or defense of legal claims.


Restriction of Processing: You have the right to request a restriction of processing if the accuracy of personal data is disputed, for that period of time that allows WCC to verify the accuracy of personal data or based on any other legitimate reason specified in applicable Data Protection Laws.


Data Portability: If technically feasible, you have the right to receive your personal data in a structured, commonly used and machine-readable fashion as well as the right to request the direct transmission of personal data by WCC to another party.


Right to Object: If you receive promotional emails, you can remove yourself from the recipient’s list by selecting the “unsubscribe” link within the email content.


Complaint to Supervisory Authority: You have the right to lodge a complaint with a supervisory authority, in particular in the country of your habitual residence, place of work or place of the alleged infringement if you consider that the processing of your personal data infringes Data Privacy Laws.

We may amend this privacy statement at any time, and will post the amended version on our website www.worldcupchampionships.com.



Your choice to use our website, enter our trading competitions, and/or to allow the downloading of cookies via your browser constitutes consent to this policy and consent to the use of your information as described.



Our GDPR Compliance Statement is incorporated into this Privacy Policy.

Besides strengthening and standardizing user data privacy across the EU nations, GDPR imposes new or additional obligations on all organizations that handle EU citizens’ personal data, regardless of where the organizations themselves are located.


You have complete control over the emails you receive from us. WCC provides various notifications via email, including service-related communications, account-related notifications, informational messages, and other updates through a third-party provider. Subscribers may discontinue email communications by responding with “unsubscribe” in the subject line or clicking on the unsubscribe link in email communications.


It is your responsibility to maintain the accuracy and completeness of your account information.  You may also contact us at info@WorldCupChampionships.com or call us at 877-456-7111 to inquire about or update your account information.