London Stocks Close Slightly Lower

FTSE 100 closes down 0.2% at 5892.20, as investors pause for breath after Friday’s strong gains. At the same time, worries about Greece are at the forefront of investors’ minds, as debt negotiations rumble on, while the country’s politicians try to reach some agreement on the austerity measures required for Greece to receive its second bailout. Continue Reading…

March wheat traded 1 cent lower late in the overnight session. Outside market forces look negative this morning with a much stronger US dollar and weakness in metals. Milling wheat futures in Europe were up more than 2% to help support. Continue Reading…

March soybeans were trading up 5 1/2 cents late in the overnight session and traded as much as 9 1/2 cents higher. China futures closed up 0.5%. Asian equity markets were mostly higher overnight, with Shanghai stocks bucking the trend and banking some profits. Continue Reading…

March crude oil had a gap and go lower Sunday evening but remained inside of Friday’s trading range. The outside market tone turned negative for risk-taking sentiment this morning after Greek debt talks over the weekend failed to reach an agreement. Continue Reading…

(1718,20) GOLD confirmed on Friday a negative key day reversal suggesting further weakness especially in case of a closing tonight below 1726!! The indicators of the daily chart are still above the line but those of the s/t ones are all negative supporting further weakness. Continue Reading…

Like gold, silver has also been tripped up by fears that the US might not be as inclined to implement QE3 in the wake of the noted improvement in US January employment figures.
However, silver seems to be holding together better than gold today and that might be the result of silver’s extended consolidation effort ahead of the US payroll report. Continue Reading…

March natural gas prices established a lower low during the early morning hours but have since shown positive reversal action. Perhaps a large area of below normal temperatures forecasted across the mid-US out to February 15th has offered a level of support. Continue Reading…

(1334,80)The S&P confirmed a strong closing well above the top of the previous session but also well above the key level at 1329,50. The move up already confirmed our target at 1336,10 with more strength possible in the coming hours. Continue Reading…

(96,85) CRUDE OIL is still well above the 200 days line but it is failing to confirm an important rebound. While below 98,05 we expect this contract to remain under pressure. Continue Reading…

April gold starts the new trading week with a noted range down slide on the charts. Adverse currency market action, renewed fears toward the Euro zone and ongoing fears of less easing action from the US Fed, has apparently given the bear camp a string of bearish themes at the start of the new trading week. Continue Reading…