Gold Tumbles, Coffee Soars
Moving in opposite directions, gold and coffee made impressive moves in the market today. Oil futures also moved higher, rallying late in the day.
December T-bonds [USZ9>USZ9], which registered on the Pullback Off Lows List,
gapped lower on the open and held at opening levels to finish down 14/32 at 113 5/32.
Four indicators from the HREF=”https://tradingmarkets.com.site/eminis/news/fmrecap/FPSL.cfm”>Market Bias Indicators page suggested stock index futures could trade lower. December Dow futures [DJZ9>DJZ9] fell 117.0 to 10,693, S&P futures [SPZ9>SPZ9] dropped 13.70 to 1362.50 and NASDAQ 100 futures [NDZ9>NDZ9] slipped 16.50 to 2637.50 after setting a new intra-day contract high.
December dollar index futures [DXZ9>DXZ9] came back from a steep drop in the session to end up .21 on the day at 99.14. Swiss francs [SFZ9>SFZ9] and British pounds [BPZ9>BPZ] fell .0023 and .0028, respectively.
December crude [CLZ9>CLZ9] drifted higher throughout the day, then shot up more than .50 before settling up .76 at 22.51. Unleaded gas also rallied .0184 to .6370 and heating oil [HOZ9>HOZ9] fell .0156 to.5955.
December gold [GCZ9>GCZ9] tanked to a one-month low, falling as much as 12.0 before ending down 8.8 at 291.50. December silver [SIZ9>SIZ9] went the other way, rising 4.0 to 522.0.
From the Multiple Days Low Volatility and Implosion-5 lists,
November soybeans [SF0>SF0] and December soybean oil [BOZ9>BOZ9] moved lower, dropping 5 1/4 and .18, respectively.
In the meats, December lean hogs [LHZ9>LHZ9] fell to a 10-day low to end down 1.300 at 45.225. February pork bellies [PBG0>PBG0] also sank .900 to 60.425.
Coffee [KCZ9>KCZ9] had another volatile day of trading, jumping 10.15 to 110.35. March sugar [SBH0>SBH0] gained .21 to 7.09.