After a few weeks of choppy summer markets, we have a week with fewer economic reports than usual. So far, the action is within reason but thin. Overshadowing the market is mostly political drama in the U.S. and Europe.  The Euro is poised to make a new high from May.

Although European officials are trying to talk their currency lower, the charts look nothing but bullish.

Biggest Movers

Coffee – Neutral – Up 4

It seems the shortage we talked about on June 21st has finally sunk in with the coffee traders as the market looks to turn around. After 19 weeks as a bear, the coffee market turns neutral this week. With increasing political unrest in large coffee producing nations, a rally seems almost inevitable at this point.

Natural Gas – Neutral – Down 7

Dropping from 6 to 13, Natural Gas had a modest range compared to last week with a VDO down $550. However, that is certainly not to say Volatility is gone for good… as the US continues to struggle with affordable green energy solutions, Nat Gas and the market’s violent price swings will be here for a while.

VDO Futures Power Rankings

Legend

[   ] – Associated Trade Rec (call your broker for more info)

[   ] – Market was UP

[   ] – Market was DOWN

VDO – Last Week’s Price Volatility in Dollar Terms (Volatility Dollar Opportunity)

Bias – Directional Trend

Rank – Based on the VDO

Volatility – Last Week’s Price Volatility

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