Natural Gas key levels this morning to be aware of, I think we’ve got to see how the market responds to 4.05 on the upside and 4.01 on the downside as support.
In crude, I think the 94.35 level will act as a resistance level today, with 93.50 as first support. In natural gas, as discussed watch the 4.00 price level for resistance and 3.96 as downside support.
Key technical levels this morning, in my opinion, will be 140-28 resistance on Sept 30 year bonds, with initial support coming in at 140-16 and below there at 140-04.
While the geopolitical backdrop appears to show a trend of improvement, headlines pointing to ongoing violence between Ukrainian government forces and pro-Russian rebels remain a concern.
Global equity markets begin the new trading week on a higher track, helped by a modest setback in geopolitical tensions. This comes after weekend meetings in Europe between Russian and Ukrainian….
September Bonds and Notes enter the US morning hours on a negative track and into a new four-day low. Looking at the Sep mini Dow, a positive signal for trend short-term was given on a close over the 9-bar moving average.
It seems that unstable outside markets have returned for the moment, and cotton futures will continue to act much like they did yesterday if this current macroeconomic environment holds. Trade houses and fund traders appear to have sold more sugar…
There is a lot of cotton on the global market right now.
US Treasury markets pushed higher during the initial morning hours, with 10-Year Notes climbing into a new three day high in the process. A weaker than expected headline reading on Friday’s Non-Farm Payroll report…
The inversion in cocoa futures prices has been fueled by market ideas that commercials are short going into the holiday season later this year. October Sugar closed 17 lower on the session yesterday with a 30 point trading range…