Most markets are higher this morning as risk-on sentiment dominates: Palladium, Feeder Cattle, Brent Crude Oil are showing impressive gains as we move into the afternoon trading session.
The leading indices are climbing up — Heating Oil up to $2.42, gaining 0.65%. Live Cattle up 0.42%, trading at $165.53.
Meanwhile, United States Existing Home Sales (Apr) released yesterday at 14:00 UTC with a figure of 4.28 million, while the previous figure was 4.43 million.
Here are the biggest commodities gainers so far today.
The Feeder Cattle future | +1.42% in mid-session
The Feeder Cattle future is on a 10 day bullish run gaining $9.4 (5.72%). Consistent for now — after closing the previous trading day at $231.15, Feeder Cattle is up to $234.43 per pound, which makes for a move of 1.42%/$3.28 today.
Brent crude oil | +0.82% in mid-session
16 days ago, Brent crude fell to a low of $72 but has since recovered 5.38%.
Palladium | +1.57% in mid-session
While the Palladium future in the midst of an 8 day downtrend, 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 $1,450.2, Palladium is up to $1,473 per troy ounce, which makes for a move of 1.57%/$22.8 today.