Weekend ahead

Heading into the weekend now, among others to visit an excellent winegrower in our vicinity, see you.

Futures Markets Today

A lot of mentionable moves on the futures markets today, with CLQ5 up 2$ to 58.5, the US Doller up strongly against all currencies (e.g. UROU5 down 1250 ticks under 1.20 and the Rand down 2500 ticks) as a late reaction to the interst rate hike yesterday, USU5 down a full point under 118 and weak short term rates, Silver and Gold stumbeling. Only equity indexes doing well so far, S&P up 4 points at 1200 and European indexes making new highs for the year (Eurostoxx at 3212, DAX at 4637 futures basis September). A mixed picture for medium to long term trend followers.

HOC

HOC looks strong and will go up until it stops.