Expiring Crude Pops Nearly $1
Crude oil spiked .95 to a high of 26.75 shortly after the opening in New York as traders closed out short positions prior to the expiration of the December contract at the end of trading today.
January crude also popped nearly a dollar in early trading and unleaded gas and heating oil are trading higher as well.
In the grains, soybeans, soybean meal and
wheat are making good on their Turtle Soup Plus One Buy signals.
Swiss francs are also rallying from recent lows and making good on their Turtle Soup Plus One Buy set up.
Finally, sugar, the weakest futures on the Implosion-5 List, is tumbling for a fifth straight day and trading at a four-month low.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]:- 2/32 to 113 17/32
• December S&Ps [SPZ9>SPZ9]: -3.10 to 1425.50
• December Dow futures [DJZ9>DJZ9]: -30 to 11040.0
• December NASDAQ 100 futures [NDZ9>NDZ9]: -6.00 to 3014.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: -.13 to 100.82
•December Japanese yen futures [JYZ9>JYZ9]: -.0022 to .9450
Energies•January crude [CLF0>CLF0]: +.55 to 25.88
• January unleaded gas [HUF0>HUF0]: +.0115 to .7060
• January heating oil [HOF0>HOF0]: +.0126 to .6795
• January natural gas [NGF0>NGF0]: -.46 to 2.560
Metals•December silver [SIZ9>SIZ9]: +2.0 to 517.0
Grains•December wheat [WZ9>WZ9]: +2 1/2 to 243
•January soybeans [SF0>SF0]: +4 to 463 3/4
•December soybean oil [BOZ9>BOZ9]: +.35 to 16.45
Meats•December lean hogs [LHZ9>LHZ9]: -.675 to 50.350
Softs and Fibers•March cocoa [CCH0>CCH0]: +18 to 853
•March sugar [SBH0>SBH0]: -.07 to 5.97