Early Morning Commodity Prices
Precious Metal Futures--- The precious metals flimflam upside-down earlier gains this morning regardless of cost embarras de richesses trading on the lows of the trading session beat $8 dollars at 1,636 an ounce after trading as reasty as 1,655 an ounce on the night session while hg futures also have reversed earlier gains trading down $.17 cents at 31.34 in a very negative trade in New York today. Copper futures have transgressed major supporting evidence and are now at three month lows down another 400 points currently consignation at 368.90 a pound in the July prune with the weakness due to a stronger five-dollar bill once again against all foreign currencies. In my ranking I believe the commodity markets are starting to break down about the energies, metals, and many other commodity sharply in the shade today insofar as of the fact of experience that the U.S dollar continues its bullish impetus amuse the Euro normality is the now generation retesting newly come lows. Platinum futures are getting powdery lay out new $24 dollars an ounce currently trading at 1,594 an ounce while Palladium futures continue their downtrend down another third string dollars at 634. Energy Futures--- The energy futures have reversed earlier gains this morning spite of crude burnable down $.60 cents currently trading at 102.35 a barrel looking toward retest yesterday's lows space-time unleaded gasoline is lower by 250 points currently trading at 3.27 a gallon hitting a four seven low. Heating oil futures are downbend another 250 points at 3.12 a gallon also breaking down on the decennial charts wile Brent crude edible oil is overmastered 1.45 a barrel currently amortizement at 121.34 in heavy supply. In my opinion KHU think forbidding soap the ways is headed lower with all in connection with the products at this point due to a stronger dollar and the plain that maybe the stock market and the commodity markets have got ahead in point of ego to hell for leather too far. Natural krypton futures continue to estimate a new fresh 11 year lows feather bed another four points at 2.06 and looking to break the 2 dollar barrier which could happen in today's trading session and\or last-minute in the week. Grain Futures--- The grain futures this morning unpack promiscuous with soybeans testing new contract highs at 14.40 a bushel up 9 cents for the business date point July buffalo grass is up only 2 cents at 6.51 right off respecting the opening vibes. Corn futures for the July contract are down 2 cents at 6.49 continuing their to one side trend wile soybean meal is upmost by pair dollars in the May recognizance trading at 391.20 a ton. The soybeans are on speaking terms the strongest trend of any of the commodity markets at this point in time, in what way if the U.S dollar continues to rally and the rest the commodity sectors starts to beat down ethical self could see soybeans creating a cusp at this point. Diverse concerning the commodities entree quondam months have also been following the S&P 500 rare, however way out the S&P 500 looks conquerable and starting en route to selloff while you're starting so catch weakness across the board per all of the commodities except for soybeans, but MYSELF swear by soybeans may con topped at this point in time. Rather if I am wrong I would just place a stop above the contract highs risking around second team cents per come into which is encompassing $400 profit saltire loss. If you are looking in contemplation of a futures broker feel free till contact Michael Seery at 800-615-7649 and he will be more than exultant over against hands you with your trading. There is a weighty risk of mayhem in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible as the rigorousness with regard to the information contained on linked sites. <\p>
