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Recap Of The Week For July 14, 2017

Recap of the week for July 14, 2017

Highlights:

  • Precious metals rebound
  • Gold up 1.28% on the week
  • Silver rebounds 2.4%
  • Platinum 1.6% higher
  • Palladium rises 2.36% on the week
  • Copper up 1.55%
  • Iron ore up 3.48% for the week
  • The Baltic Index 7.12% higher
  • Lumber rises 6.94% on the week
  • WTI crude oil 5.22% higher on inventory declines
  • Brent up 4.71%
  • Gasoline and heating post gains of 4.14% and 4.61% respectively
  • Natural gas 4.41% higher on the week
  • Ethanol 1.45% higher on energy gains
  • Soybeans down 1.38% on the week post-WASDE
  • Corn corrects 3.77% lower
  • CBOT wheat 4.53% lower on WASDE and weather
  • Sugar gains 1.06% and closes the week above resistance at 14 cents per pound
  • Coffee up 3.72% on the week adding to last week’s gains
  • Cocoa 2.30% higher on the week
  • Cotton down 2.93% and approaches critical support at 66.15 cents per pound on December futures
  • FCOJ down 5.12% on the week and is below $1.27 per pound
  • Live cattle rebounds 2.64% on the week
  • Feeder cattle rise 6.38% and outperform live cattle
  • Hogs correct 4% lower on the week
  • The dollar closes the week at 94.93 on the September dollar index futures down 0.90% on the week providing support for raw material prices
  • September long-Bonds close at 152-20 rebounding 25 points on the week on dovish testimony by Chairperson Yellen
  • Dow Jones Industrial Average closes on Friday, June 14, at 21,638 up 224 points on the week
  • No chart this week as I am on the road…

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities

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