Archive for July 5th, 2012
GOLD: Flat Bolli bands suggest range trading. Once again gold looks like pulling back from the key resistance noted in the $1630-70 region. This increases the risk of another move lower that retests the key support in the $1520-45 region. Continue Reading…
Investors sought comfort in Treasury bonds Thursday from a disappointing U.S. service industry report and downbeat comments by the head of the European Central Bank on the economic outlook. Continue Reading…
London Stocks Close Marginally Higher
FTSE 100 ends a little over 0.1% higher at 5692.63, faring a lot better than its European counterparts, after the BOE announces a further GBP50B in asset purchases. Continue Reading…
U.S. grain markets were closed overnight for the 4th of July holiday. The soybean market will resume normal hours as of the 9:30 cst US open. Continue Reading…
The silver market has also started out weaker today but prices have remained within relatively close proximity to the prior session’s highs in the early action. Continue Reading…
After climbing more than 11% during the past six sessions, cocoa prices may be vulnerable to some profit-taking during the rest of this holiday-shortened week. Continue Reading…
August natural gas prices extended positive reversal action from Tuesday during yesterday’s electronic trade but fell short of a test of last week’s high of $2.975. Continue Reading…
U.S. grain markets were closed overnight for the 4th of July holiday. The wheat market will resume normal hours as of the 9:30 CST open. The opening call for wheat is supportive as November Matif wheat traded 2% higher, posting another new high for the move this morning. Continue Reading…
The cotton market is under some pressure this morning from a stronger USD, which appears to be driven by anticipation that the ECB will cut rates today or tomorrow. Continue Reading…
August crude oil prices were on a sharply higher track during the early morning hours and broke out to their highest level since May 30th. Continue Reading…
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