US$ seems to have reached a height the European banks don’t wish to support with the trade at 79.350 down 18.1 points close to its low of 79.300, Treasuries have flat to light weakness across all denominations in the early morning trade report. The Energy Market is in a point of confusion with Crude Oil up 19 cents at $103.74 but its byproducts along with the other energies flat to lower. Gold has a positive mark this morning with the spot month trading up $11.40 with the trade at $1,644.00 its current high, Silver is up 44.9 cents with its trade at $30.980 with its high at $31.00 guiding the rest of the metals higher as well. All Grains/Softs are higher against the falling dollar, Meats are flat to lower, leaving the Paper Markets to bounce off of yesterday’s price hit. Wednesday is the last trading day for May metals, normally the best time to buy further out options so it’s possible today’s early run up is a set up to hit it lower going into tomorrow . Be aware and as always ….. Stay Strong!!
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