Heating Oil Cools Down Heating Oil – Heating Oil futures followed Crude Oil lower on the strengthening US Dollar and economic uncertainty after a disappointing US housing report. Turkey withdrew troops from northern Iraq after a brief incursion, ... Go to Full Article

Option Queen Letter On Friday December 14, 2007 ICE Futures US, announced that the open-out-cry markets, for all but a hand full of futures contracts, will end removing the trades to cyber-space. Yes, options will continue to trade on the floor in ... Go to Full Article

O&F Forex News Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term ... Go to Full Article

Sweet Corn Corn – Corn prices jumped overnight on expectations that ethanol use will increase, after Congress on Friday passed a new farm bill which would mandate substantial increases in biofuel usage. The bill would push ethanol demand near ... Go to Full Article

Indecision Caps a Wild Week S&P – Stock index futures are lower ahead of this morning's CPI release at 7:30 AM CST, which is expected to show consumer prices climbing at a brisk 0.6 percent pace. Given the Fed's new plan to inject liquidity into financial ... Go to Full Article

Gold Goes Below $800 The February Comex Gold contract (GCG8) took a turn to the down side today with a 2% drop. The low of the day was at 797, but Gold had fought back to 802 by the time of this writing. Elsewhere, the Dollar Index gained some ground ... Go to Full Article

Oil Takes a Climb Crude Oil continued its bull run today with an extension of yesterday’s rally. The high of the day was almost $95 (94.85) on the December contract (CLF8) with the low at $89.26 – more than a 5% range. The big news of the day didn’t hurt ... Go to Full Article

Fed Disappoints Equity Traders Dow – The Dow Jones Industrials fell by almost 300 points after the Fed lowered rates by a quarter point. While the rate decision was in line with consensus estimates, traders were disappointed by the language in the policy statement. ... Go to Full Article

Oil Heads For Higher Ground on Fed Day Crude Oil (CLF8) took a run above 90 with the bulls for a period today before settling back at 89.22 – still ahead 1.5% on the day. You can make a case either way as to whether the 25 basis point Fed rate cut had anything to do with the ... Go to...

Fed Day S&P – Stock index futures continued their recent rally this morning ahead of the Fed announcement. The mortgage and banking sectors are still riding the wave of enthusiasm sparked by President Bush's mortgage bailout plan and capital ... Go to Full Article

Corn Crosses 400! December Corn (CZ7) crossed the 400 level for the first time since late June, giving a positive sign for Corn bulls. The next level of resistance doesn’t come until 425, which was established in mid-June – anything above 435 would be an ... Go to Full Article

Stocks Keep Charging Back S&P – Stock index futures are higher in overnight trading, driven by financial stocks. UBS – the EU's largest bank – is following Citigroup's lead and accepting foreign capital infusions from Singapore and the Middle East to deal with ... Go to Full Article

Crude Oil Breaking Down; Commodity Bulls Beware January crude oil futures on Thursday hit a fresh six-week low and traded below $86.00 a barrel. The market has taken a haircut to the tune of around $14.00 a barrel from the all-time high above $99.00 scored a couple weeks ago. ... Go to...

Currency Action This Week The US Dollar is performing stronger to close out the trading week, preventing the Euro from touching 1.5000. The buck was very sensitive to declines in the Gold and Silver markets while dodging the bullets of global event risk, ... Go to Full Article

S&P Rallies on Government Bailout Today's big story was the government's plan to send relief to subprime mortgage holders by freezing adjustable mortgage rates for qualified borrowers over the course of the next five years. This announcement came at around 2:00 PM ... Go to Full Article