Pork Bellies Limit Up, Again
The Agriculture Department confirmed it’s
investigating a possible case of mad cow disease.
Pork Bellies
(
PBQ05 |
Quote |
Chart |
News |
PowerRating) +2.63 continued to soar higher, closing limit up for
the second day in three. Pork Bellies were highlighted again last night in the
TradingMarkets.com Momentum 5 list.
US Gasoline
inventories declined more than expected, the Energy Department reported. Gasoline stockpiles were reported at
209.2 million barrels, -2.1 million barrels vs. the -700,000 expectation. Crude
oil supplies came in at 317.8 million, -2.25 million barrels, the seventh
decline in eight weeks.
Crude oil
(
CLU05 |
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Chart |
News |
PowerRating)
-0.15% experienced a rather uneventful day despite the report. Natural Gas
(
NGU05 |
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News |
PowerRating) +1.37 led the energy sector again today and is up over 3% in two
days.
Cocoa
(
CCU05 |
Quote |
Chart |
News |
PowerRating) +1.60% on fears the Ivory
Coast peace agreement may not last until elections later this year. Cocoa’s
chart also shows signs of having put in a short term low.
Copper
(
HGU05 |
Quote |
Chart |
News |
PowerRating) +1.31% hit new record-highs today.
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MBA Purchase Index – Actual 485.1
Durable Goods, New Orders (M/M Change) – Actual 1.4% Consensus -1.0%
New Home Sales – Actual 1,374,000 Consensus 1,300,000
Crude Oil Inventories – Actual -2.3 M barrels