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No Commodity Spared

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  • Description

    FBN’s Sandra Smith with an afternoon update on today’s commodities.

  • Duration 1:41
  • Date

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Yeah do you first and commodities oil in particular where that 97 dollar range.

Yeah I mean -- -- earlier volatile marker and -- I'm looking at oil trading at 97 and changes now and that just about 64 cents.

Remember we seen -- in the 95 dollar range this week.

So volatility definitely very -- bearish sentiment is definitely still there foresee in all kinds of things today look at your commodity laggards on the day.

Right now we're seeing copper the biggest losers silver gold soybeans.

I mean -- really no commodity with -- today with the exception of yeah your commodities and this doesn't really -- late fees surge that we saw natural gas prices.

-- that the -- is winning commodity right now.

-- also corn and wheat -- agriculture and I am very hot as we await a USDA report later in the week also are Bob gasoline heating oil.

So despite -- losses we did see strength overall in the energy complex.

I want to highlight that natural gas intra day movement guys -- we -- that chart unbelievable move here just the last few minutes of trading.

-- -- some anticipation of that government report that we get every week on Thursday's.

There's some anticipation that we might see -- -- straight weekly drop in inventories remember this is with Nat gas prices that decade lows yeah.

We just got a big spike natural gas was down all day -- just turn around and went positive and it's a really fun looking chart look at the guys lots of volatility lots of -- sentiment down here.

Stronger US dollar sending commodities down this fashion I will tell you think that -- concern about the US economy -- for the number one concern that and the Chicago trading floors.

Is it Europe those elections really revive their concerns.

About the -- European debt crisis overseas and that's putting a big part trading at.

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