Markets To Watch Today

Gold:Gold is leading the way as the New York markets plummet. A sell-off occurred in the energies on the overnight market and the metals followed suit. Speculation that rally may have been exaggerated and a correction was in order came to fruition. Sell stops were triggered at the open forcing the contract lower. Bargain hunters may be lurking to add some support. June Gold is trading at $687.50, down $24.80 this morning.


Crude Oil: Many funds starting taking money off the table as Crude Oil fell over 2 dollars in overnight trading. The contract broke below the psychologically import $70 barrier, but looks to be rebounding in the pit session. June Crude is trading at $70.25, down $1.79 this morning.


Grains: The sell-off is not limited to the NY markets after all, as the Grains opened lower in fast market conditions. Front month July Soybeans is trading at 603.00, down 10.00 this morning.