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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (201)	6/12/2001 2:49:38 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

US Futures Summary: Energy drives higher; coffee at 8-year lows (BridgeNews) June 11, 2015 GMT/1615 ET ................................................................. TOP STORIES: Natural gas soars on technicals, weather; crude oil on storm damage, Iraq New York, June 11 (BridgeNews) - Natural gas futures surged 6.6% to a 2 1/2-week high after breaking chart resistance at several key marks. Expectations for warmer weather in Texas and the east suggested that demand would be rising. Crude oil jumped 2.5% to a 2 1/2-week high amid infrastructure damage done by the remnants of Tropical Storm Allison and continued uncertainty about Iraq's export halt. Heating oil was up 2.1% after a two-week high. ( Stories .1906, .1900 ) Hogs make contract highs on cash strength, fund buying Chicago, June 11 (BridgeNews) - Hog futures drove to new contract highs as meat packers bid as much as $1.75 per cwt more to buy live animals. Rolling of positions into the Aug contract and aggressive fund buying once the market moved above chart resistance points added to the upward momentum. ( Story .3205 ) Soybeans near 5-month high on weather jitters, China WTO prospects Chicago, June 11 (BridgeNews) - Soybean futures rallied to an almost five-month high, with the Jly contract at a three-month high amid the uncertainty surrounding soggy U.S. fields and hot, dry conditions in China. A tentative agreement between the U.S. and China on China's entry into the World Trade Organization added to a bullish demand outlook. ( Story .2900 ) Coffee at 8-year lows on warm Brazil forecasts, record world estimate New York, June 11 (BridgeNews) - Coffee futures slid 2.0% to eight-year lows, with Jly, Sep and Dec making new contract lows on warm forecasts for Brazilian growing areas and Friday's report from the U.S. Department of Agriculture pegging 2001-02 world production at a record 117.7 million 60-kilogram bags. ( Story .3738 ) Cotton sinks 4.7%; new-crop at new lows on technicals, rainy Southeast Chicago, June 11 (BridgeNews) - New York cotton futures tumbled 4.7%, with several new-crop months reaching contract lows. The Jly contract's inability to hold above the 20-day moving average or push above a major downtrend line and mid-May highs triggered the plunge. Ample rain in Mississippi Delta growing areas and forecasts for more in the Southeast contributed to bearish sentiment. ( Story .3600 ) Gold backtracks on strong dollar, commitments of traders data New York, June 11 (BridgeNews) - Gold futures lost 2.0%, erasing most of Friday's gains amid pressure from a strong U.S. dollar and a commitments of traders report that showed speculators cut back their net long position in the week ended Tuesday.