Orange juice closed lower as weather in Florida remains very good for the citrus crops. The greening disease has affected crops in a big way and could cause reduced production for the next few years.
The U.S. cost of living was unchanged in November, showing it will take time for inflation to approach the level desired by Federal Reserve officials, who begin their policy meeting today.
Here we will look at two options strategies that will allow a trader to take a bullish or bearish view on the market with a clearly defined risk vs. reward ratio and a price target calculated using options prices.
FEB14 gold shot up this morning, trading up $27 to $1,261. $1275 is our next key target and resistance level. Gold now looks like it could have some momentum to the upside, and possibly approach $1,290.