Rock Steady
Marc Dupee will be out of the
office until July 5. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Thin pre-holiday trading kept the index futures rock
steady in a
narrow range for most of the shortened session, as traders appeared to be
getting an early start on their Independence Day celebrations. Nasdaq 100
futures
(
NDU1 |
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futures
(
SPM1 |
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(
DJM1 |
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ended the day down 20 at 10635.
Dollar index futures
(
DXU1 |
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to trade in a flag, but dropped .08 to 119.88. The Canadian dollar
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and the Euro FX
(
ECU1 |
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at 08469 and CDU1 up .0013 at .6611. Japanese Yen
(
JYU1 |
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small gain of .000001 to close at .008102 and the Swiss Franc
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SFU1 |
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was down .0001 at .5572.
Orange juice
(
OJU1 |
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.30 to end the day at 77.55. Cocoa
(
CCU1 |
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bounced to the downside off its 50-day moving average, losing 7 to 953. Cotton
(
CTV1 |
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sugar
(
SBV1 |
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to 8.65. Coffee
(
KCK1 |
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Grain futures continue to exhibit strength off their
recent lows, as most of the complex posted gains in the session. Wheat
(
WU1 |
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PowerRating) gained 3 to go out at 264, and corn
(
CU1 |
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(
SQ1 |
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2 1/4 to 485, while soymeal
(
SMQ1 |
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oil
(
BOQ1 |
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Meats dropped across the board, as pork bellies
(
PBQ1 |
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1.30 at 94.375. Lean hogs
(
LHQ1 |
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futures were pressed into similar price action, with Live cattle
(
LCQ1 |
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(
FCQ1 |
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gave back .45 to 90.875.
Precious metals made it a clean sweep, as all closed in the red. Gold
(
GCQ1 |
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lost 1.80 to 268.30 and silver
(
SIQ1 |
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4.259. Copper
(
HGQ1 |
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.7095
Concluding, crude
oil
(
CLQ1 |
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PowerRating) closed higher, up .29 at 26.24. Unleaded gasoline
(
HUQ1 |
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PowerRating) added .0062 to finish at .7210. Heating oil
(
HOQ1 |
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at .7160, up .0052, and natural
gas
(
NGQ1 |
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PowerRating) rose 0.68 to end the session at 3.185.