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December 8th, 2017 at 7:33 am
Good morning!
Oil punching up over $57.50 and /RB $1.716, that Friday trade is still reliable.
It's going to snow in NYC this weekend – that should put traders in an /NG buying mood.
/NG still barely off $2.80 at $2.825 but any progress is nice and /SI back to $15.85 after that scary dip.
/YG is still the safer play above the $1,250 line with tight stops.
/KC still way down on no good reason I've seen:
This one was odd:
That's a huge move for cotton.
Speaking of huge moves, /NKD up about 1,000 points since Wednesday.
And here's why:
Dow rejected at 24,300 so far:
Most likely there will be some selling in the afternoon since it's been a scary week and some people are going to want to lighten up.