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Friday, May 12, 2006

Not Every Commodity Is In A Bull Market

Coffee grinds to 5-month lows: Not every commodity is in a bull market, with Coffee being a perfect example. July Coffee hit 5-month lows today, as speculators began throwing in the towel on their long positions. Sell-stops were hit, once July fell below the recent lows at 106.25. Scale-down buying by roasters was noted near the lows of the day. Read More....