Commodities Calm
Quiet trading has characterized most futures markets in
recent days. This is brought out by the high number of contracts on the
6/100 Low Volatility
List today — eight — in recent sessions.Â
From the 6/100 Low Volatility
List, September T-bonds
(
USU1 |
Quote |
Chart |
News |
PowerRating) are trading in an inside-day
pattern. This contract is trading in the middle of resistance and support
defined by the Levels From The Bond Pit on the Futures Indicators Page. Look for
this market to potentially trigger out of it Pullback From
Highs setup.Â
Also from the list,
Japanese yen
(
JYU1 |
Quote |
Chart |
News |
PowerRating) started aggressively higher, looking like they
could tag their one-month high near .82. But a confluence of highs in the
.8160 area worked to cap the early rally and send the yen back to opening
levels.Â
Bearish news about the German economy may stall Momentum
in euro FX futures
(
ECU1 |
Quote |
Chart |
News |
PowerRating) and Swiss francs
(
SFU1 |
Quote |
Chart |
News |
PowerRating).
Still, both contracts are triggering out of Off The Blocks
entries.