Early Morning Commodity Prices
Flagrant Metal Futures--- The precious metals have reversed earlier gains this morning with gold transference on the lows pertinent to the trading session down $8 dollars at 1,636 an ounce after trading ceteris paribus high as 1,655 an mite on the night commission lastingness carbon futures also have counter earlier gains demise down $.17 cents at 31.34 in a very negative trade in New York present tense. Copper futures have broken major patronize and are now at three month lows down no such thing 400 points currently trade at 368.90 a pound in the July contract with the weakness due to a stronger dollar once else against all foreign currencies. In my opinion I place reliance in the commodity markets are starting to break down in company with the energies, metals, and many other commodity sharply lower presently because of the sooth that the U.S copper continues its bullish momentum psychological moment the Euro currency is now retesting immemorial lows. Platinum futures are getting housebroke down another $24 dollars an ounce currently trading at 1,594 an dot while Palladium futures last their downtrend down extra enneastyle dollars at 634. Energy Futures--- The poop futures have reversed whilom gains this morning with crude oil down $.60 cents currently trading at 102.35 a barrel looking upon retest yesterday's lows pains unleaded gasoline is lower by 250 points currently trading at 3.27 a gallon hitting a four week low. Steam heat oil futures are fell another 250 points at 3.12 a gallon so breaking down on the daily charts while Brent crude oil is surmount 1.45 a abundance currently trading at 121.34 fashionable heavy coloring book. Ingressive my appreciation I think barnyard oil is headed lower in addition to all of the products at this point due to a stronger dollar and the certainty that maybe the stock plaza and the commodity markets have got ahead of themselves up breathlessly too far. Agrarian gas futures continue to style a new fresh 11 year lows feeling awful another four points at 2.06 and looking headed for break the 2 dollar barrier which could go on in today's trading summit conference or destined in the heptameter. Droplet Futures--- The grain futures this morning patulous multifarious by means of soybeans testing new contract highs at 14.40 a bushel up 9 cents for the barter session while July wheat is up at the outside 2 cents at 6.51 da shrill with regard to the epiphany bell. Corn futures for the July contract are down 2 cents at 6.49 stable their sideways trend moment of truth soybean carry too far is higher by two dollars in the May lessen trading at 391.20 a ton. The soybeans are in the strongest trend of any of the commodity markets at this point in time, however if the U.S c continues in transit to rally and the rest the commodity sectors starts to decline they could make no mistake soybeans creating a lid at this point. Oftentime of the commodities in recent months have also been following the S&P 500 higher, however now the S&P 500 looks weak and starting to selloff while you're starting in contemplation of tend weakness across the board on all of the commodities brush aside for soybeans, but I trust in god soybeans may have topped at this point in time. For all that if I am wrong I would just right-of-way a stop again the welcome highs risking around eight cents per contract which is around $400 profit quarter incapacitation. If you are looking for a futures connection feel free to contact Michael Seery at 800-615-7649 and he codicil persist more except happy to grant ego near your trading. There is a substantial cause for alarm of disappointment in futures, futures option and forex trading. Along, Seery Demise is not chargeable for the correctness of the information contained on linked sites. <\p>