Industrial Might Hammers Pound

A second month of stronger-than-expected manufacturing results from the United
Kingdom hammered
British pound

(
BPH1 |
Quote |
Chart |
News |
PowerRating)
futures. The stronger statistics are seen as
decreasing the Bank of England’s capacity to lower interest rates. Higher
interest rates increase the demand for sterling-denominated assets. 

February crude oil
(
CLG1 |
Quote |
Chart |
News |
PowerRating)

from the


New 10-Day Highs List
, is continuing its momentum run and trading on the top
of its range. This contract is working out on an Off The Blocks
entry, providing a limited-risk entry above the opening range for a move back up
to the psychologically critical $30 a  barrel level. 

From the Momentum-5
List
,
unleaded gasoline

(
HUG1 |
Quote |
Chart |
News |
PowerRating)
is rallying for (essentially) its 11th
consecutive day. 

March

silver

(
SIH1 |
Quote |
Chart |
News |
PowerRating)
, rallied after stocks of Comex silver fell by 350,000
ounces.