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Message: At the close..

At the close..

posted on Jun 24, 2009 12:22AM

PRECIOUS METALS

http://quotes.ino.com/exchanges/?c=metals

http://quotes.ino.com/exchanges/?c=food

SOFTS: October sugar closed up 74 points at 16.98 cents today. Prices closed near the session high today and hit a fresh contract high. Panic short covering and fresh speculative buying was featured. The key "outside markets" were bullish for sugar futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

September coffee closed down 150 points at

118.95 cents today. Prices closed near mid- range today and did hit a fresh six-week low. The key "outside markets" were bullish for coffee futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower. Yet, coffee sold off, which is a bearish clue.

September cocoa closed up $12 at $2,492 today. Prices closed near the session high on short covering. Prices did hit a fresh three-week low early on today. The key "outside markets" were bullish for cocoa futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower. Serious chart damage has been inflicted in cocoa recently.

December cotton closed up 38 points at 55.87 cents today. Prices closed nearer the session high on tepid short covering following recent strong losses. The key "outside markets" were bullish for cotton futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

September orange juice closed down 30 points at $.7810. Prices closed nearer the session high today after hitting a fresh three-month low early on. The key "outside markets" were bullish for FCOJ futures today, as the U.S.

stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower. Yet, FCOJ could get no traction, which is a bearish clue.

July lumber futures closed down the $10.00 limit at $200.90 today. Prices gapped lower on the daily bar chart. The key "outside markets" were bullish for lumber futures today, as the U.S. stock indexes were firmer and crude oil was solidly higher. Yet lumber closed limit down, which is a bearish clue.

GRAINS

http://quotes.ino.com/exchanges/?c=grains

GRAINS: December corn futures closed up 1

3/4 cents at $4.07 1/4 today. Prices closed nearer the session high on some short covering and perceived bargain-hunting buying. Serious near-term chart damage has been inflicted recently. The key "outside markets" were bullish for corn futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

November soybeans closed up 22 1/4 cents at

$10.03 1/4 a bushel today. Prices closed near the session high today on short covering and perceived bargain-hunting buying. The key "outside markets" were bullish for soybean futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S.

dollar was sharply lower. Serious near-term chart damage has been inflicted in soybeans recently.

December soybean meal closed up $7.30 at $308.30 today. Prices closed near the session high today on short covering and perceived bargain-hunting buying. Near-term technical damage has been inflicted recently.

December bean oil closed up 103 points at

37.76 cents today. Prices closed near the session high on short covering and perceived bargain hunting. The key "outside markets"

were bullish for bean oil futures today, as the U.S. stock indexes were firmer and crude oil was solidly higher, while the U.S.

dollar was sharply lower.

December Chicago SRW wheat closed down 1 cent at $6.00 1/2. Prices closed nearer the session low and hit another fresh six-week low close today. A big and bearish V-Top reversal pattern is playing out on the daily bar chart. The key "outside markets" were bullish for wheat futures today, as the U.S.

stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

LIVESTOCK

http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: August live cattle closed up

$0.47 at $83.32 today. Prices closed nearer the session high today and hit another fresh three-week high on more short covering and bargain-hunting speculative buying. The key "outside markets" were bullish for cattle futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

August feeder cattle closed up $0.77 at $99.70 today. Prices closed near the session high and hit another fresh three-week high today on more speculative buying and more short covering. The bulls have the near-term technical advantage.

August lean hogs closed down $0.40 at $60.45 today. Prices closed near mid-range. The key "outside markets" were bullish for hog futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower. Yet, hogs could get no positive traction, which shows how weak is the hog futures market at present.

July pork bellies closed up $1.30 at $63.20 today. Prices gapped higher on the daily bar chart, but closed near the session low.

Prices also hit a three-week high on short covering in a bear market. Bears still have the near-term technical advantage.

 

 

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E X T R E M E F U T U R E S

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Updated every 10 minutes around the clock.

More at

http://quotes.ino.com/analysis/extremes/futures/

WINNERS

BCX.Q09 CBOT SOYBEAN CRUSH INDEX Aug 2009 89.50 7.75 +9.48

HG.U09 COPPER Sep 2009 2.2140 0.0700 +3.24

YK.X11 SOYBEANS (MINI) Nov 2011 943.5 28.5 +3.11

SM.N09 SOYBEAN MEAL Jul 2009 388.5 11.5 +3.05

BO.H10 SOYBEAN OIL Mar 2010 38.34 1.06 +2.85

CL.Q09 CRUDE OIL Aug 2009 69.24 1.74 +2.56

HO.Q09 HEATING OIL Aug 2009 1.8139 0.0456 +2.56

PB.Q09 FROZEN PORK BELLIES Aug 2009 64.3 1.6 +2.55

S.U09 SOYBEANS Sep 2009 1048 25 +2.43

BR.Y$$ BRAZILIAN REAL Cash 0.50520 0.01132 +2.29

LOSERS

EMX MSCI EMERGING MARKETS INDEX 726.40 -63.79 -8.07

LB.N09 LUMBER (RANDOM LENGTH) Jul 2009 200.9 -10.0 -4.73

NGX.Z09 5 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 3.64500 -0.12331 -3.27

NIX.Z09 10 YEAR INT RATE SWAP (IMPLIED YLD) Dec 2009 4.24365 -0.12598 -2.88

NG.Q09 NATURAL GAS Aug 2009 4.007 -0.064 -1.59

LH.Z09 LEAN HOGS Dec 2009 57.800 -0.875 -1.49

GCE SGI GLOBAL CARBON INDEX (EUR) 56.05 -0.77 -1.34

SMP.Z09 S&P SMALLCAP 600 Dec 2009 248.4 -3.0 -1.19

MD.U09 S&P MIDCAP 400 INDEX Sep 2009 550.5 -6.6 -1.18

NK.H10 NIKKEI 225 INDEX Mar 2010 9590 -75 -0.78

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