Markets Today
The Nov WTI trading session settled at 71.16(+1.28) , had a high of 71.53, a low of 69.13. Cash price is at 70.90 (-0.31), while open interest came in at 332,769. Higher on the day by +1.83% CLX traded...
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
It was a risk-on day for the outside markets, but grain markets struggled to find their footing. Will the market be able to carve out a harvest low?
Gasoline demand in the states has been tepid, but a potentially weaker US dollar should bode well for U.S. gasoline products and the global crude trade in general.
However, other than the ugly tail, there was not true damage to the critical floor that was developing.
Coffee is currently at its highest carry yield and very near its highest hedge fund position estimate for the past 52 weeks. Coffee is also one of the most "Expensive and Overbought" markets of all commodities....