Markets To Watch Today
Crude: Crude is up, again. There is no technical resistance at these record levels and the increased investment, fueled by in your face gas prices, has brought new buyers into the market. Supply fears and Iran's bold stance on nuclear capabilities are key fundamental factors. May Crude is trading at $72.84 in the overnight ACCESS session.
Gold: Gold prices continue to climb on the same fears and new participants. The introduction of ETF's on these commodities has made investment easier for those previously unfamiliar with the market. Gold is trading at $623.00, up $3 this morning.
Natural Gas: Natural Gas futures are up, as well. The key component to the rally would seem to be the remarkable rise is Crude Oil, but Texas has experienced a heat wave that has put unexpected strain on natural gas reserves. Blackouts in the region have caused outages to coal and nuclear power plants, putting a high demand on gas. May Natural Gas is trading at $7.91 in the overnight ACCESS session.
Gold: Gold prices continue to climb on the same fears and new participants. The introduction of ETF's on these commodities has made investment easier for those previously unfamiliar with the market. Gold is trading at $623.00, up $3 this morning.
Natural Gas: Natural Gas futures are up, as well. The key component to the rally would seem to be the remarkable rise is Crude Oil, but Texas has experienced a heat wave that has put unexpected strain on natural gas reserves. Blackouts in the region have caused outages to coal and nuclear power plants, putting a high demand on gas. May Natural Gas is trading at $7.91 in the overnight ACCESS session.
posted by XPRESSTRADE, LLC at 4/19/2006 06:42:00 AM
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