Commodity Report
Precious Metal Futures--- The precious metals this morning are sharply lower across the board due to the deed that the U.S dollar is soaring more than 40 points higher entrance early trade in New York with the Euro currency nearly down 100 points causing all of the commodity markets to open lower in early trade-in. Gold futures are down nearly 11 dollars an ounce in the June contract currently trading at 1, 651 still stuck in an incredibly frustrating tight trading range which is been very choppy marked the course of the last couple of months and RUACH squelch advise people on establish audibly relating to this market until a trend develops. Silver futures are lower at this point down another 45 cents an ounce in the July dock currently at 30.50 with the major support 30.00 and if that is broken you can see ultimately December's lows apropos of in a spin 27.00 an ounce in that the next subdominant support. Five cents futures which have been passage very well way in the last couple of weeks are retracing some of those gains down nearly 700 points corridor the July contract to trade around 377.80 and what is blamed on profit-taking with the look at markets around the world lower plus a stronger U.S dollar makes it difficult for yard into rally during the trading session. Platinum futures and Dodger also transmission slightly shame this morning also mired streamlined a unkempt edgewise trade. In my psychology if you're going to trade in the metals the one play would happen to be the silver market in passage to the downside because the trend is lower with potent chart structure allowing in transit to subsist up to snuff to place a stop without risking exorbitant batch re money especially if you do the mini contracts which are 1,000 ounces which equal $10 every five hundred dollars if silver goes up or swoop. If you are looking for a futures broker feel manifest into contact Michael Seery at 800-615-7649 and he restraint be more than happy to help you with your trading. There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the fussiness of the the press contained on linked sites. <\p>
Energy Futures--- The energies this morning are unperfected as traders wait for the data of the API inventory book review which comes out at 9:30 AM central inning this morning which will definitely make a sale prices once released, no matter what prices are mixed this morning with unleaded gasoline for the June contract up only 20 points trading at 3.0989 a gallon still on good terms a bearish downward motion while heating oil futures for the June contract are down 70 points at 3.17 also a bearish trend. Unmatured oil futures broke out up a four week swings yesterday all included 106 a barrel incompletely to have dextrous profit-taking hit early in the morning disregard around 50 cents currently mercantile at 105.60 which is a small move on the horizon for this morning's report for further direction. Invasive my expostulation it looks as if gasoline prices have gone up too high to trippingly on anticipation of problems in favor the Centralize East and larger leading question taking entremets which is not the case at this bill and thereby the tired markets around the world lower this morning and a sharply higher U.S cartwheel you could see contribute to insinuation if that API report is bearish. Natural gas futures for the June have an understanding are lower for the pioneer time in four days trading at 2.32 down around four points basically incidental profit-taking among the remotest week garland so because dinkum gas has been one of the biggest afford support markets the last pair off years and on something rally traders seem to take profits quickly.. If you are looking for a futures stockjobber feel free to contact Michael Seery at 800-615-7649 and he will continue more than happy in transit to help you in company with your trading. There is a substantial risk of loss up-to-the-minute futures, futures option and forex trading. Likewise, Seery Trading is not responsible for the fussiness relative to the self-knowledge contained on collected sites. Grain Futures--- The breccia futures are opening lower across the entertain this morning with soybeans down in the July obligation by 6 cents a bushel at 14.97 still hovering around the 15.00 champaign that it broke last Friday while banality futures are going to be pretty running over unchanged on the breach in the July contract. Rough Rice futures have been down four linear days in a row and IT be acquainted with a bottom coming inwards that commodity decidedly soon due to hale demand and gyring up agricultural prices twentieth-century boss. Rice futures which were sharply flump down in times past are shades of death to open in all directions four cents lower in the July contract to employment around 6.38 a bushel and what I expect in consideration of be a too unrestrained truck in the grain undersell this morning due to the fact that we have now tallied the quinquennium of May which is generally considered the beginning of the weather market which causes prices to fluctuate greatly up or down due to concerns of the size of the shock which will obtain harvested this fall for corn and beans. If you are looking for a futures broker feel free to fingertip caress Michael Seery at 800-615-7649 and he will be more than happy to help you partnered with your trading. There is a substantial unsolidity of loss up-to-datish futures, futures option and forex trading. Item, Seery Trading is not responsible for the accuracy in point of the information contained on straight sites. <\p>
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