Markets To Watch Today!
Crude Oil: Crude Oil closed below $60.00 in yesterday's session, giving back all gains for the year. As traders await the release of the Energy Stocks report to be released latter this morning, we are hovering around the $60.00 level. An increase in inventories is expected.
Orange Juice: Orange Juice futures dropped dramatically as market participants anticipated damage to Florida crops as a result of the cold front to hit the area. Bulls were forced to cover long positions as the storm was reported to have had little to no effect. March Orange Juice closed at $1.2950, down 2.65 cents for the session.
Copper: Copper gave back most of yesterday's gains this morning as bargain hunters discover there may have been a reason for the contracts weakness. Production is set to exceed demand for the first time since 2002. March High Grade is down 2.75 cents in today's session and is currently trading at $2.2390 as of 8:01 am CST.
Orange Juice: Orange Juice futures dropped dramatically as market participants anticipated damage to Florida crops as a result of the cold front to hit the area. Bulls were forced to cover long positions as the storm was reported to have had little to no effect. March Orange Juice closed at $1.2950, down 2.65 cents for the session.
Copper: Copper gave back most of yesterday's gains this morning as bargain hunters discover there may have been a reason for the contracts weakness. Production is set to exceed demand for the first time since 2002. March High Grade is down 2.75 cents in today's session and is currently trading at $2.2390 as of 8:01 am CST.
posted by XPRESSTRADE, LLC at 2/15/2006 06:03:00 AM
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