The Big Story Today…
The big story in the futures today is gold.
With the equity markets suffering continued lows and turmoil and
uncertainty in the Middle East, many traders are flocking to gold. Today June
gold
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the $305-an-ounce resistance level to trade as high as 309.80 before settling
down to $308.60 an ounce, up 3.79, or 1.25%. June gold touched 309.00, a resistance
level. Looking beyond that, 313.00 is a secondary resistance level. Primary
support is
at 305.00 and secondary support is at $300.00. May silver
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stayed on gold’s coattails today, rising 5.79, or 1.27%, to close at 462. May
copper
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The June Nasdaq 100
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the seventh session. Once again, there was not enough good news to buoy the
Nasdaq 100 to a positive close. The NDM2 lost .50 to close at 1308.00. The
June S&P 500 futures
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1092.50, up .70. For further analysis on the S&P futures, check out
Lewis Borsellino’s comments today.
Grains fell today, and leading the way was
July wheat
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2.25 cents, or .83%, to end at $2.68.25 per bushel. July soybeans
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tested the 4.80 resistance level before dropping off 6.75, or 1.40%, to close at
$4.76.50 a bushel. July corn edged lower by 1/2 a cent to $2.03 a bushel.
With tensions in the Middle East still brewing,
crude oil is continues to rise. June crude oil
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a barrel. June heating oil
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unleaded gasoline
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