Orange Juice Hits 20-Day High
Orange juice futures have jumped to a 20-day high on dry weather forecasts in Brazil and weaker-than-expected crop harvest forecasts in Florida. Orange juice’s Multiple Days Low Volatility reading suggested the contract could make a large move today and its standing on the Momentum-5 List
indicated the direction of the move could be up.
Also from the Momentum-5 List, T-bonds are breaking out and trading at a 20-day high.
Stock index futures are rallying, pushing the NASDAQ 100 futures to record highs.
Swiss francs, from the Implosion-5 List, are slipping, giving lift to dollar index futures.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: +12/32 to 113 29/32
• December S&Ps [SPZ9>SPZ9]: +11.00 to 1363.50
• December Dow futures [DJZ9>DJZ9]: +49 to 10,655
• December NASDAQ 100 futures [NDZ9>NDZ9]: +57.50 to 2699.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.33 to 99.36
•December Japanese yen futures [JYZ9>JYZ9]: -.0078 to .9582
•December Swiss francs [SFZ9>SFZ9]: -.0026 to .6547
•December British pounds [BPZ9>BPZ9]: -.0022 to 1.6438
Energies•December crude [CLZ9>CLZ9]: +.15 to 22.54
•December unleaded gas [HUZ9>HUZ9]: +.0054 to .6340
•December heating oil [HOZ9>HOZ9]: +.0079 to .6020
•December natural gas [NGZ9>NGZ9]: +.033 to 2.870
Metals•December gold [GCZ9>GCZ9]: +.9 to 293.3
Grains•December wheat [WZ9>WZ9]: +5 3/4 to 261
Meats•December lean hogs [LHZ9>LHZ9]: -.425 to 45.300
Softs and Fibers•December cocoa [CCZ9>CCZ9]: +4 to 844
•December coffee [KCZ9>KCZ9]: +1.45 to 105.30
•January orange juice [OJF0>OJF0]: +2.4 to 93.60
•December cotton [CTZ9>CTZ9]: -.56 to 51.90