Crude Oil Falls From Record High

Treasuries rose to start
the week
, pushing the yield on the 10yr T-note down to 4.985%.

The US Dollar Index declined, after the Dollar posted losses against the Euro,
Yen, Swiss Franc and British Pound. The Yen was especially strong today after
comments by G7 members for Asian currencies to strengthen.

Crude Oil futures pullback from
record highs

June Crude Oil futures eased back from Friday’s
record closing high after OPEC ministers commented that supplies were meeting
demand.

The price action in Unleaded Gas and Heating Oil mirrored that of crude oil as
all three contracts declined in unison. The losses in Natural gas were larger,
with mild weather once again being cited as the cause.

Gold futures lose their shine

June Gold declined heavily for the second time in three days.
Trading in the most active contract has been very volatile lately.

In the softs, Cocoa +1.45% was the only winner. Lumber -1.12%, Cotton -1.11% and
Sugar -0.93% were the biggest losers.



Economic News


No economic news today.

Ashton Dorkins

editor@tradingmarkets.com


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