Monday, July 10, 2017

TUESDAY 7/11/17; Amazon Prime Day; PEP; JOLTS Report; Wholesale Trade; Oil Pops on Inventory Data

Euro 1.1397. Dollar/yen 114.08. Pound 1.2879. Dollar/yuan 6.8036. Aussie dollar 6.8036. USD 96.07.

US futures are flat. S&P -1. Dow flat. Nasdaq -1. WTIC oil 44.52. Brent oil 46.88. Natural gas 2.93. Gold 1214. Silver 15.65. Copper 2.649.

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Oil Inventories are a huge 8.1 million barrel draw down a far bigger loss of supply than the 3.0 million draw down expected. Oil prices are going to rally. Gasoline Inventories are lower while Distillates are higher. WTIC oil rallies +3.1% to 45.76. Brent oil rallies +2.7% to 48.16.

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