Currencies made a lot of noise on Monday, with the dollar up, the Aussie Dollar falling sharply, and the pound spiking before it settled back to midrange.
Oil continued its surge upward but don’t go long just yet. The risk at these prices is very high. Many soft commodities are up including orange juice and cotton. Cash and Dow Futures chart shows downward movement to lowest lows since mid-March.
Chart shows US Dollar index up. Crude oil has continued to drop significantly while natural gas is on the rise. Sugar is down and looking very weak.
Crude oil continues to rise, taking the RBOB and natural gas with it and copper is at its lowest point since March.
The US Dollar is posting highs for this week. Feeder and live cattle prices have been on the rise while hogs are forming an extremely large potential bottom. Find out what direction other commodity prices are moving.
The dollar made a recent low, but is in a strong support area while cattle hit its highest level since November.
What is the futures trade schedule for the Memorial Day weekend? We’ve got it here.
Gas and crude oil closed much higher across the board with oil reaching $135 per barrel. Live cattle and feeder cattle are both up and their June contract are reaching record highs from February.
Crude oil continues its upward trend while heating oil and natural gas are down. Soybeans, oats, and corn are all down and cattle has pretty much ended its bull run.
Crude oil closed down while natural gas closed up. Cattle is making higher and higher gains as it approaches a strong resistance area. Many of the softs closed down, especially Orange Juice which was sharply lower.