Futures Markets to Watch Today

Crude Oil prices fell slightly yesterday on news that OPEC will not take action to lower production. Iran also signaled that they will not halt exports at this time. In the face of US disdain over nuclear ambitions, Iranian Oil Minister Dazem Vaziri Hamaneh assured cartel members that there is no link between oil production and the country's nuclear dispute. The news gave some traders incentive to take profits, but as the overall environment remains uncertain and market participants remain bullish, new highs in oil remain within reach.

Gold continued to be the safe haven for investors as it reached a 25 year high yesterday. In the most-active April contract, some profit taking resulted in a drawback from the $577.30 high to close at $575.50. Overnight trading was light giving back another dime.

Coffee took a small hit as end of the month profit taking and technical-based selling ruled the session. The March contract closed at $1.182 a pound, down 3.7 cents for the session.