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Tuesday, May 16, 2006

Speculative Funds Jump Back Into Juice

Speculative funds jump back into Juice: Today, Orange Juice futures have gained back all of the losses incurred due to Friday's commodity-wide long liquidation today, as supportive fundamentals continue to underpin prices. Prices started out the day lower, as Juice bears attempted to take-out support at 157.00 in the July contract. However, their attempt failed, with speculative and trade buyers emerging near the day's lows. Stronger metal and energy prices spilled over to Orange Juice, with commodity funds bidding-up the market near the close. Read More....