Natural Gas Implodes
Natural gas is collapsing to a two-month low and is down 7.5%.
Coffee gapped up and traded as many as 10 points higher on the open on reports of dry weather in Brazil. The December contract pulled back to close most of the gap this morning but is now rallying again, re-testing the upside.
From the Implosion-5 List , cocoa is down 18 and trading at a life-of-contract low following reports of a good harvest from West Africa.
Dow futures and the S&Ps are lower, making good on their Turtle Soup Plus One Sell set ups.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: -6/32 to 114 14/32
• December S&Ps [SPZ9>SPZ9]: -5.10 to 1379.50
• December Dow futures [DJZ9>DJZ9]: -70 to 10,722
• December NASDAQ 100 futures [NDZ9>NDZ9]: -2 to 2781.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.35 to 100.50
•December Japanese yen futures [JYZ9>JYZ9]: +.0034 to .9515
•December Swiss francs [SFZ9>SFZ9]: -.0021 to .6464
•December British pounds [BPZ9>BPZ9]: -.0048 to 1.6450
Energies•December crude [CLZ9>CLZ9]: +.18 to 23.18
•December natural gas [NGZ9>NGZ9]: -2.19 to 2.665
Metals•December gold [GCZ9>GCZ9]: -1.5 to 289.5
•December silver [SIZ9>SIZ9]: -3.5 to 505.0
Grains•December wheat [WZ9>WZ9]: +3 1/4 to 259 1/4
Meats•December lean hogs [LHZ9>LHZ9]: -.600 to 68.500
Softs and Fibers•December cocoa [CCZ9>CCZ9]: -18 to 812
•December coffee [KCZ9>KCZ9]: +5.85 to 110.80
•March sugar [SBH0>SBH0]: -.07 to 6.93