Markets To Watch Today
Natural Gas: Natural Gas prices closed higher yesterday, on news of a federal forecast calling for an active storm season. With the start of the official storm season just over a week away and damage from last year's Hurricanes fresh in traders' minds, the announcement made a significant impact on a previously down-trending market. June Natural Gas is trading at $6.385, up 10.9 cents on the overnight session.
Metals: Gold fell early yesterday and later rebounded to close nearly unchanged for the day. An ETF tracking several gold-mining companies began trading today, giving the contract some support. June Gold is trading at 662.00, up $4.30 this morning.
Crude Oil: Crude Oil followed a similar pattern to Gold yesterday, dropping in the overnight and early day session, only to bounce back, as traders covered short positions prior to the expiration of the June contract. July Crude Oil is trading at $70.76, up 80 cents on the overnight.
Metals: Gold fell early yesterday and later rebounded to close nearly unchanged for the day. An ETF tracking several gold-mining companies began trading today, giving the contract some support. June Gold is trading at 662.00, up $4.30 this morning.
Crude Oil: Crude Oil followed a similar pattern to Gold yesterday, dropping in the overnight and early day session, only to bounce back, as traders covered short positions prior to the expiration of the June contract. July Crude Oil is trading at $70.76, up 80 cents on the overnight.
posted by XPRESSTRADE, LLC at 5/23/2006 06:32:00 AM
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