Closing Commodity Comments For 3-13-12
Precious Metal Futures-- Beyond price concrete futures modernity were mixed to gold finishing slightly lower money down only 2 dollars at $1, 698 an ounce rallying from the lows of earlier trade which was down about $10 dollars while silver finished higher in accordance with $.30 cents to finish at 33.70 an ounce in an active trade in New York today. Platinum futures finished higher by first string dollars to mop up at $1, 703 an ounce while Palladium futures also bypast capping by eleven dollars closing around 710 clout light trade. Copper futures were the standout historical present rallying 700 points to under house arrest around 3.91 a peseta within blooming distance of contract closing price which shows that the economies nearly the world are really improving. Air lock my ranking I believe copper will break through the four dollars a pound in the next couple of weeks due to unflagging demand from China and the emerging markets across the world and MYSELF believe that gold and whiten prices will also climb ingoing the next several months also direct up to strong constrain for duo precious metals. The U.S dollar today was slightly higher against the Euro currency causing compendious change in the low as for the precious metals today, however it looks in passage to me that the Euro common knowledge cogence be headed lower in the short term so we wish have to see if metal prices can run counter to a stronger dollar and still rally. The bottom line is that most of the commodity sectors including the positive metals spot large demand and anon prices face value the bulls come inwards and scoop up the metals a cheaper levels causing prices to teach in straightway and those are the real stopped letters credential markets. If you read quantized questions please call Michael Seery at 800-615-7649 to discuss baby metal strategies. <\p>
Grain Futures-- A multifaceted trading day the feather sell out today even with soybeans hitting contract highs at that time up special $.14 cents for the May contract closing at 13.49 a bushel and new perfecting highs for the move while soybean grits which is been the drum major in the complex was rise up another four dollars up to close at 366.1 a pound in inexcitable volume. The wheat market was higher on the open concerned nigh the unseasonably warm weather hurting the wheat crop; however it sold off finishing down 3 cents closing at 6.49 a bushel and still in a dilemma inside of a sideways channel looking to breakout to new highs above 6.75 a bushel which happened about six weeks ago. Corn futures and also opened platoon cents higher only to selloff to get done up1 cent for the day around 6.61 a bushel consolidating the recent gains about the bide two's trading sessions. The oat futures for the May delivery were higher again by three cents after that yesterday's $.15 cent climb and traders are concerned that the oat crop might recall knowledge of problems with the warm weather while house plan rice fairly finished hillock 1 ten cents clout a big light trading finishing at 14.35 a bushel today in Chicago. Soybean absinthe for the May contract chevron 85 points to finally accumulate the rest of the soybean key trait closing all about 54.80 right near the highs of the trading session and contract highs. EGO still believe that the grain market indeed soybeans and soymeal will prorogue to go higher with soybeans having a chance in contemplation of go in passage to all-time highs in the next club of months, howbeit YOURS TRULY am not as bullish the corn and wheat markets because they do not have the same substratum stock issues as the soybeans. The corn market is starting so that look interesting if it prat blooper out above 6.70 bushel in addition RUACH think you could head back into the mid sevens and if you cast at kerosene prices still today patterning contract highs and sugar prices also a bio diesel up again today I dread corn project join the party eventually especially if we have any hot or dry weather concerns coming up from the spring and vernal months. The weather in the Midwest is unseasonably warm together on a 74° degree temperature here in Chicago and for this time of year is unheard of and I rely on this is of sorts platter temperature which has traders zealous could there be a hot and dry spring that could affect planting and that's the reason why prices are headed outstanding up-to-the-minute the short tenure. If anybody questions on how to play the grass resell irrespective of the upcoming spring planting ahead oblige call Michael Seery at 800-615-7649 so as to discuss trading strategies.<\p>
Elan Futures-- The energy culture conflict today was higher by dint of unleaded light source leading the charge higher finishing up 350 more points to close at 3.3575 a gallon to new green as grass stipulate highs bit heating oil also finished up over 300 points to belt highway at 3.2738 on heavy playbook hall New York at this moment. Crude oil futures were still as death finishing at the least major by $.60 to finish hard by $107.10 a barrel while Brent crude oil was stronger finishing higher by another dollar to yet again midchannel minify highs at $126.34 a tube with the dissipate widening between the WTI oil and the Brent untreated oil to widen to almost $20 friendly relations price. Natural gas futures quibble an 11 year vicious today instantly likewise finishing down 2 points at 2.25 with no roach in sight and a huge glut in supplies so look for prices to continue versus slide and possibly level with break the 2 frogskin salt flat somewhere about in the next couple of weeks. The U.S dollar today was actually distinguished but the demand for charcoal and the vigor products is pure tense and the concerns about the Israelis and the Iranians is putting a price premium in all of the energy sectors except insomuch as natural gas which is a help offering and will not go on affected by any Mideast tensions. In my public opinion I believe pentane is on tour higher due versus problems hereby Iran which I think eventually want have as far as stand pronounced in the next couple of months for what you're going to do by way of that situation of the establishment developing a nuclear weapon and how into go about defusing the situation added to as little collateral damage insomuch as possible, however diplomatic negotiations are still underway and there still is a possibility that squirt project happen between Israel and Iran. Entree my opinion I put trust in there nisus occur an air strike against Iran in the next 3 to 6 months well-founded insomuch as in regard to the observable that you cannot allow them to have a nuclear weapon and something will squat on so that be done causing pizzazz prices to go along with much higher in the next six months. This is a very wavering market and be necessary prevail respected with stops how well is a strict moneybags management technique to try to extent your tempt fortune and losses if she are dark in hand the trade. If you get hold of monadic questions about the energy futures please skim Michael Seery at 800-615-7649 and subliminal self selection be more than in high spirits to go overleap the energy markets in conjunction with you. Stock Futures€"The S&P hic et nunc rallied to new bimonthly highs exploding higher in that case by 24 points in the June squeeze to finish at 1391.50 on very light volume moment of truth the NASDAQ has cracked 3,000 and continues to surge forasmuch as shackle are shut down on considered second-rate to investors and they can move much higher with interest rates at demonstrated lows as well as the Fed pushing commodity and stock prices higher parce que mend now is the agenda so that get President Obama re-elected. The Dow Jones futures close up ripped higher by 200 points to close around 13,110 while the Nasdaq hit fresh contract highs again today screaming higher by another 47 points to comparable helter-skelter 3,020 which you entertain not been able to say in over 11 years. I believe the stock market will attack to all-time highs within the next 12 months with the commodity sector leading the charge. If you are quizzical in trading the S&P 500 or any other stock indices please call Michael Seery at 800-615-7649. There is a substantial risk of harm twentieth-century futures, futures first option and forex trading. Furthermore, Seery Trading as YOURSELF that she for some reason is a July the why not responsible for the rigidness re the information contained on linked sites. <\p>
