Markets To Watch Today
Gold: Bullish technical chart points and rising tensions following the recent railway bombing in Mumbai pushed Gold prices up in trading yesterday. Gold prices touched a 6-week high. August Gold rose $8.10 an ounce, closing at $651.20, and the July contract was up $8.20 an ounce, closing at $649.40.
Cotton: Concerns over the health of the 2006-2007 Cotton crop and reports from the Agriculture Department reporting data that the upcoming crops will be smaller pushed prices up in Cotton contracts yesterday. The December contract for Cotton, which represents this coming fall's harvest, was up 1.06 cents, closing at 53.71 cents per pound.
Crude Oil: Tensions brought on by the Israel air assault and ground invasion into Lebanon pushed Crude Oil prices yesterday. Mixed weekly inventory data information released earlier this week and potential instability in this key oil-producing region also contributed to the rise in Crude Oil prices. August Crude Oil rose 79 cents, settling at $74.95.
Cotton: Concerns over the health of the 2006-2007 Cotton crop and reports from the Agriculture Department reporting data that the upcoming crops will be smaller pushed prices up in Cotton contracts yesterday. The December contract for Cotton, which represents this coming fall's harvest, was up 1.06 cents, closing at 53.71 cents per pound.
Crude Oil: Tensions brought on by the Israel air assault and ground invasion into Lebanon pushed Crude Oil prices yesterday. Mixed weekly inventory data information released earlier this week and potential instability in this key oil-producing region also contributed to the rise in Crude Oil prices. August Crude Oil rose 79 cents, settling at $74.95.
posted by XPRESSTRADE, LLC at 7/13/2006 06:31:00 AM
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