Turtle Soup Plus Juice Lead To Home Run
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Dollar index futures
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driven up early ahead of the March unemployment report, then sold as the number
came in right on the expected 4.3%, dropping .66 to 114.90. European currencies
rose in response, as the British pound
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and euro FX futures
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at .9031. The Canadian dollar
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the next biggest gainer, up .0043 to .6396 and, Swiss francs
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managed to eke out a slight gain, up .0007 at .8139.
Orange juice
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Soup Plus One Buy setup, gaining 1.65 to end the day at 75.15. Cocoa
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bounced slightly, but is now consolidating in a bearish flag and still appears
headed for a retest of the March 21 low. CCK1 gained 13 to 1011. Cotton
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sugar
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to 8.16. Coffee
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Bonds were fed by buyers taking a flight to quality as
the stock index futures gobbled up too much, too fast and suffered a bout of
indigestion one day after the historic point and percentage gains. T-bonds
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notes
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futures
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futures
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gave back more than 150 points at their intraday low, before making some headway
back to green territory, but ended the day down 80 at 9900.
Grain futures continue to exhibit weakness, as the entire
complex is either beginning to fall out of pullbacks from their recent lows or
setting up. May wheat
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1 1/2 to 436, while soymeal
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oil
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May pork bellies
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in the last 10 trading sessions, down 3.00 to 90.775. Lean hogs
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futures were unimpressed by the U.S. Senate’s launch of a new commission to
organize a plan to keep mad cow and foot-and-mouth-disease from entering the
country and insure the safety of U.S beef products. Live cattle
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gave back .05 to 87.75.
Precious metals continue to move in mixed fashion, with gold
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and silver
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trading 1.8 to 260.9 and silver fell by the same, down to 433.5. Copper
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75.40.
Concluding, May crude
oil
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.20 at 27.06. Unleaded gasoline
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recent spike of the 20- and 50-day moving averages, falling .003 to finish at
.9692. Heating oil
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gas
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