DeMark: BUY_13 — Natural Gas RSI: OVERBOUGHT (80.4) — RBOB Gasoline DeMark: SELL_SETUP_9 — Soybeans RSI: OVERBOUGHT (83.7) — Soybeans RSI: OVERSOLD (2.2) — Rice RSI: OVERSOLD (20.9) — Coffee DeMark: BUY_SETUP_8 — Cocoa RSI: OVERSOLD (13.5) — Cocoa DeMark: BUY_13 — Sugar DeMark: SELL_SETUP_7 — OJ DeMark: SELL_13 — S&P 500 DeMark: SELL_13 — Nasdaq 100 DeMark: SELL_13 — Dow Jones DeMark: BUY_13 — VX DeMark: SELL_SETUP_9 — 10Y Note DeMark: SELL_SETUP_9 — 30Y Bond

RT @ZEROHEDGE: *HOUSE TO VOTE ON IRAN WAR POWERS LIKELY NEXT WEEK: PUNCHBOWL

@TFMetals
WSJ: TRUMP RECEIVED SEVERAL BRIEFINGS ON MILITARY OPTIONS IN CASE HE DECIDES TO STRIKE IRAN @FirstSquawk
RT @GLOBALSURV: BREAKING; CHINA ASSISTING IRAN WITH INTEL, SURVEILLANCE AND REAL TIME TRACKING THROU @OPECnews
CNBC DAILY OPEN: TRADERS ARE BETTING FOR A RATE CUT — BUT A HIKE COULD BE ON THE TABLE CNBC
PUNCHBOWL: HOUSE EXPECTED TO VOTE ON IRAN WAR POWERS MEASURE NEXT WEEK @FirstSquawk
ENERGY
WTI Crude▲+4.6% 65.200
Natural Gas▲+1.0% 3.061BUY_13
RBOB Gasoline▲+15.4% 2.209OB
Heating Oil▲+1.8% 2.434
Brent Crude▲+4.6% 70.540
METALS
Gold▲+2.2% 4,988.5
Silver▲+4.9% 77.015
Copper▲+2.6% 5.777
Platinum▲+3.6% 2,084.80
Palladium▲+3.4% 1,732.50
INDICES & FX
S&P 500▲+0.5% 6,897.5SELL_13
Nasdaq▲+0.8% 24,974.2SELL_13
Dow Jones▲+0.2% 49,727.0SELL_13
VIX▼-3.3% 19.620BUY_13
Dollar Index▲+0.6% 97.621
EUR/USD▼-0.5% 1.181
JPY/USD▼-1.1% 0.006500
GRAINS & SOFTS
Corn▲+0.2% 427.00
Soybeans▲+1.3% 1,149.00OBSELL_SET
Wheat▲+3.2% 554.75
Rice▼-99.0% 10.765OS
Oats▲+1.4% 316.50
Cotton▲+3.7% 63.810
Coffee▲+0.2% 285.20OS
Sugar▼-0.6% 13.770BUY_13
Cocoa▼-1.5% 3,332.0OSBUY_SETU

MOVES THAT MATTER

▼
Rice -99.0% — Large move. RSI 2.
▼
Rice RSI 2 — Oversold territory. Reversal setup building.
▼
Cocoa RSI 14 — Oversold territory. Reversal setup building.
▲
Soybeans RSI 84 — Overbought. Extended move, watch for mean reversion.
▲
RBOB Gasoline RSI 80 — Overbought. Extended move, watch for mean reversion.

THE WIRE

02:23According to The Information, OpenAI moves closer to closing first commitments in its $100 billion m 𝕏 @FirstSquawk
02:22China on track to complete world’s ‘most difficult’ railway project before 2030-scmp 𝕏 @FirstSquawk
02:13RT @zerohedge: *HOUSE TO VOTE ON IRAN WAR POWERS LIKELY NEXT WEEK: PUNCHBOWL 𝕏 @TFMetals
02:06WSJ, citing a U.S. Navy official: We currently have 13 ships in the Middle East and the eastern Medi 𝕏 @FirstSquawk
02:06WSJ: Trump received several briefings on military options in case he decides to strike Iran 𝕏 @FirstSquawk
02:04Indonesia’s currency dips to 16,900 per dollar. 𝕏 @FirstSquawk
01:52KOSDAQ sees a 6% surge in 150 futures, prompting Korea Exchange to activate sidecar and suspend prog 𝕏 @FirstSquawk
01:52Blue Owl permanently halts redemptions at fund aimed at retail investors-ft 𝕏 @FirstSquawk
01:50RBNZ Assistant Governor Silk notes that next year’s monthly CPI releases will complement other data 𝕏 @FirstSquawk[rates]
01:50RBNZ Assistant Governor Silk notes that even with a minor hike, rates would reach just the lower bou 𝕏 @FirstSquawk[rates]
01:50RBNZ Assistant Governor Silk notes that maintaining the OCR where it is supports the closure of the 𝕏 @FirstSquawk
01:49According to RBNZ’s Silk, maintaining accommodative policy for a while aligns with current economic 𝕏 @FirstSquawk
01:49According to RBNZ’s Silk, weak consumer spending is the main downside risk, and persistent inflation 𝕏 @FirstSquawk[rates]
01:49According to RBNZ Assistant Governor Silk, the easing cycle is likely over, though risks remain on e 𝕏 @FirstSquawk
01:45RT @Globalsurv: BREAKING; CHINA Assisting IRAN with Intel, surveillance and real time tracking Throu 𝕏 @OPECnews
01:43Vietnam Airlines engages Boeing in discussions for 30 wide-body aircraft. 𝕏 @FirstSquawk
01:41Vietnam Airlines signs deal to acquire 50 Boeing 737-8 jets. 𝕏 @FirstSquawk
01:40Mark Zuckerberg said he reached out to Apple CEO Tim Cook to discuss 'wellbeing of teens and ki CNBC[commodities]
01:20CNBC Daily Open: Traders are betting for a rate cut — but a hike could be on the table CNBC
Watch the 2Y. If it doesn't move, the market already priced it.
[commodities] [rates]
01:00After Years of Buybacks, Big Oil is Drilling Again OilPrice
Credit leads equity by weeks. Watch the HY OAS trend, not the level.
[CL] [NG] [energy]
VIEW FULL TAPE →
MACRO & CENTRAL BANKS
Blue Owl permanently halts redemptions at fund aimed at retail investors-ft 𝕏 @FirstSquawk
Yen Drops Amid Broad Dollar Rally as Fed Confirms Rate Check - Bloomberg Bloomberg
Japan Core Machine Orders (M/M) Dec: 19.1% (est 5.0%; prev –11.0%) - Core Machine Or 𝕏 @LiveSquawk
RIO TINTO GROUP TOOK 54% CONTROL OF NEMASKA LITHIUM AND WILL INVEST ~$300M IN QUEBEC 𝕏 @FirstSquawk
How Amazon’s ‘underappreciated’ AI potential could drive the stock 50% higher MarketWatch
Credit leads equity by weeks. Watch the HY OAS trend, not the level.
INTERNATIONAL MONETARY FUND SAYS NIGER’S ECONOMIC GROWTH IS EXPECTED AT 6.7% IN 2026 𝕏 @FirstSquawk
AUSTRALIA’S S&P/ASX 200 INDEX RISES 1% TO 9,095 POINTS IN EARLY TRADE 𝕏 @FirstSquawk
Fed Reveals Surprise Shift as Several Officials Ponder Hike - Bloomberg.com Bloomberg
Fed Reveals Surprise Shift as Several Officials Ponder Hike - Bloomberg Bloomberg
‘Magnificent Seven’ stocks rise — but hardly enough to reverse a brutal February MarketWatch
RT @Kalshi: The Fed's latest research paper: Kalshi "Our results suggest t 𝕏 @DeItaone
Inflation Is Down, But Americans Still Feel an Affordability Squeeze - Bloomberg.com Bloomberg
Core services is the signal. Headline CPI is noise for traders.
📹 VIDEOS
47:53
8:00:40
45:54
42:01
MORE VIDEOS →
COMMODITIES & ENERGY
According to The Information, OpenAI moves closer to closing first commitments in its 𝕏 @FirstSquawk
WSJ, citing a U.S. Navy official: We currently have 13 ships in the Middle East and t 𝕏 @FirstSquawk
Indonesia’s currency dips to 16,900 per dollar. 𝕏 @FirstSquawk
KOSDAQ sees a 6% surge in 150 futures, prompting Korea Exchange to activate sidecar a 𝕏 @FirstSquawk
RBNZ Assistant Governor Silk notes that next year’s monthly CPI releases will complem 𝕏 @FirstSquawk
RBNZ Assistant Governor Silk notes that even with a minor hike, rates would reach jus 𝕏 @FirstSquawk
RBNZ Assistant Governor Silk notes that maintaining the OCR where it is supports the 𝕏 @FirstSquawk
According to RBNZ’s Silk, maintaining accommodative policy for a while aligns with cu 𝕏 @FirstSquawk
According to RBNZ’s Silk, weak consumer spending is the main downside risk, and persi 𝕏 @FirstSquawk
According to RBNZ Assistant Governor Silk, the easing cycle is likely over, though ri 𝕏 @FirstSquawk
Vietnam Airlines engages Boeing in discussions for 30 wide-body aircraft. 𝕏 @FirstSquawk
Vietnam Airlines signs deal to acquire 50 Boeing 737-8 jets. 𝕏 @FirstSquawk
📹 VIDEOS
11:54
14:16
1:11:29
31:43
MORE VIDEOS →
RATES & CREDIT
GEOPOLITICS & POLICY
China on track to complete world’s ‘most difficult’ railway project before 2030-scmp 𝕏 @FirstSquawk
RT @WhiteHouse: “THE UNITED STATES TRADE DEFICIT HAS BEEN REDUCED BY 78%” - President 𝕏 @LiveSquawk
TRUMP: US TRADE GAP WILL BE POSITIVE THIS YEAR 𝕏 @DeItaone
TRUMP TO DELIVER REMARKS ON THE ECONOMY AT 4PM ET THURSDAY 𝕏 @DeItaone
TRUMP CLAIMS 78% DROP IN U.S. TRADE DEFICIT Donald Trump says U.S. tariffs have cut 𝕏 @DeItaone
Guyana Emerges as the Clear Winner in Venezuela’s Oil Reset OilPrice
HOUSE TO VOTE ON IRAN WAR POWERS LIKELY NEXT WEEK – PUNCHBOWL 𝕏 @FirstSquawk
TOP U.S. COMMANDER FOR LATIN AMERICA MADE AN UNANNOUNCED VISIT TO VENEZUELA FOR MEETI 𝕏 @FirstSquawk
MINISTER LEBLANC: SAYS CANADA HAS NOT DISCUSSED ANY CONTINGENCY PLAN WITH MEXICO IF T 𝕏 @FirstSquawk
CANADIAN MINISTER LEBLANC: REASSURED BY MEXICO’S ECONOMY SECRETARY’S WILLINGNESS TO W 𝕏 @FirstSquawk
WHITE HOUSE: TRUMP SIGNS ORDER TO PROMOTE NATIONAL DEFENSE BY ENSURING ADEQUATE SUPPL 𝕏 @FirstSquawk
INTERNATIONAL MONETARY FUND WARNS OF “ADVERSE SPILLOVERS” FROM CHINA’S EXPORT RELIANC 𝕏 @FirstSquawk
📹 VIDEOS
10:42
12:56
9:42
MORE VIDEOS →

CHARTS OF THE DAY

Silver ▲+4.9%
Silver
Brent Crude ▲+4.6%
Brent Crude
WTI Crude ▲+4.6%
WTI Crude
Cotton ▲+3.7%
Cotton
Platinum ▲+3.6%
Platinum

FROM TRADERSTAN

📊 PM Wrap — 2026-02-18 📈 One Chart — 2026-02-18 📝 Morning Brief — 2026-02-18
METALS
ContractLastChangeRSI(14)MACD HistDeMarkElliott
Gold
GC		 4,988.5 ▲ +105.60 (+2.16%) 53.1 -22.1606 NONE 🟢 WAVE_5
Silver
SI		 77.015 ▲ +3.57 (+4.86%) 43.3 -2.2486 NONE 🔴 WAVE_3
Copper
HG		 5.777 ▲ +0.14 (+2.56%) 46.7 -0.0368 NONE 🔴 WAVE_3
Platinum
PL		 2,084.80 ▲ +72.30 (+3.59%) 44.0 -35.5423 NONE 🔴 WAVE_4
Palladium
PA		 1,732.50 ▲ +57.30 (+3.42%) 48.8 -16.3103 NONE 🔴 WAVE_3
SOFTS
ContractLastChangeRSI(14)MACD HistDeMarkElliott
Cotton
CT		 63.810 ▲ +2.29 (+3.72%) 66.4 +0.0827 NONE 🔴 WAVE_3
Coffee
KC		 285.20 ▲ +0.60 (+0.21%) 20.9 OVERSOLD -2.3589 NONE 🔴 WAVE_5
Sugar
SB		 13.770 ▼ -0.09 (-0.65%) 31.7 -0.0600 BUY_13 🔴 WAVE_5
Cocoa
CC		 3,332.0 ▼ -52.00 (-1.54%) 13.5 OVERSOLD -36.7121 BUY_SETUP_8 🔴 WAVE_3
PREDICTION MARKETS
28% US strikes Iran by February 28, 2026?
0% US strikes Iran by February 18, 2026?
6% US strikes Iran by February 20, 2026?
0% Will Bitcoin reach $150,000 in February?
1% Will the Fed decrease interest rates by 50+ bps after the March 2
3% US strikes Iran by February 19, 2026?
4% Will Trump nominate Judy Shelton as the next Fed chair?
56% US strikes Iran by March 31, 2026?
11% US strikes Iran by February 21, 2026?
1% Will LeBron James win the 2028 US Presidential Election?
3% Russia x Ukraine ceasefire by March 31, 2026?
22% Khamenei out as Supreme Leader of Iran by March 31?
Source: Polymarket
Fed Funds Rate: 3.64 · 2Y Treasury: 3.43 · 10Y Treasury: 4.05 · Trade-Weighted Dollar: 117.53 · 10Y-2Y Spread: 0.62 · HY OAS Spread: 2.94 · VIX (FRED): 20.29