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May 31, 2023NYMEX Heating Oil is slightly down 4.14% and stands on top of this list of commodities gainers.
Markets are mixed with Gold up to $1,980.2, gaining 1.13%. Soybeans slipping 0.79% and closing at $1,286.25.
Current market events are being influenced by ambiguous macro data as highly important Consumer Confidence data from United States beat analyst expectations of 99 with a reading of 102.3.
+4.14%: Energy traders focused on Heating Oil Futures as it powers 4.14% higher
After closing the previous trading day at $2.28, Heating Oil Futures is up to $2.38 per gallon, which makes for a move of 4.14%/9.45 cents today.
A slow down? After 37 days of going up, CME Feeder Cattle is flat today, hovering around $237.55.
Today's session might suggest a slow down — the Feeder Cattle future trades at $237.55 per pound, after ending yesterday at $237.78.
+2.64%: bullish Palladium runs out of steam at $1,416; currently at $1,415 per troy ounce
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $1,378.6, CME Palladium is up to $1,415 per troy ounce, which makes for a move of 2.64%/$36.4 today.
