Wizetrade: Stock Trading News: Commodities Focus for May 12, 2008
Video:
My Review:
No new highs in crude oil today. Price is down $1.80 at $1.20/barrell. The primary reason for the price reduction is the strength of the dollar today. Gold is also being knocked down. Corn needs to be planted by May 15th. Hopefully the weather will permit, and good gains will be able to be made. Beans seem to have bottomed out.
Natural gas seems to be doing well and should develop into a swing trade within wizetrade.
This week, CPI (Consumer Prices Index) comes out and the fed should be giving some sort of plan about inflationairy pressure. Look out for this report. It is vitally important! I will more than likely be making a post about this towards the end of the week.
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