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U.S. Treasury Bond chart for August 23, 2013 - Debt

A Reversal in the Debt Complex

Since establishing an interim top this has been a one way trade since the beginning of May where the long end and short end of the curve has gotten hit. 30-yr bonds have depreciated 12%, 10-yr notes are lower by 7% and the March 16’ Eurodollar futures are lower by 1.3%. Lets quantify this…what are […]

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Gold Futures chart for August 20, 2013

Gold – Yellow Metal Running into Resistance

In the last two weeks gold has put on better than $100/ounce trading to its highest level since mid-June. Upside was capped at its 100 day MA (red line) and trend line (blue line) that has been present for all of 13’. More impressive has been the move since bottoming on 6/28 at $1183 as […]

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Natural Gas Futures chart for August 19, 2013

Natural gas – A Bullish Move Underway

Since putting in a low on 8/8 at $3.15 October natural gas futures have advanced 11% lifting this contract to the down sloping trend line(blue line) that has served as resistance since mid-May. It was a positive development in recent sessions to trade above both the 8 and 18 day MAs. Above the trend line […]

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Cotton Futures chart

Cotton – Have we Priced out Exports for the Moment?

Adverse price movement can affect exports levels in commodities. In other words if prices are low enough it may entice higher exports while prices appreciating too high have the ability to discourage exports. Cotton futures are flat today as of this post unable to make it to the previous session’s highs. Net export sales for […]

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Crude oil Futures, August 14, 2013

Crude oil – Bullish draw and still NO Upside

Yesterday we saw an unexpected rise in fuel products reported by the API. According to the API Crude stockpiles fell 999,000 barrels last week but gasoline stockpiles rose 1.7M barrels and distillates rose 1.1M barrels. The EIA out today reported a slightly more bullish figure showing oil stockpiles falling 2.8M barrels. The EIA also indicated […]

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Silver Futures, August 12, 2013

Hi-Ho Silver – A Breakout?

Silver is higher by nearly 5% today trading to its highest levels since 6/19. Since 6/28 when September futures traded as low as $18.17 (33 month low) prices are higher by 17.4%. Two significant developments in the last two trading sessions…a settlement above the 50 day MA (light blue line) which had not occurred since […]

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British Pound Futures, August 9, 2013

British Pound – Another Bearish set up

The Cable bounced off the bottom of the trading channel and since the first few days August has appreciated 2.6% to lift futures to the upper end of the channel. As one can see futures have stalled at around the same levels that served as resistance in April/May just under $1.5600(horizontal red line). Stochastics are […]

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