OK, let's have a brief review of June predictions:
NG - current front contract opened June at 3.98 and finished at 3.565 just as I expected. I made good money on it.
FC - another good resut. FC opened June at 144.175 and closed at 149.45.
Silver - still finding its support. I am thinking that after my hedges expire I will not maintain the position.
The month had three heavy-weighted events - Mr. Bernanke statement on QE end, civil war in Syria and new developments in agriculture. What they mean to our business is increased volatility. Today as I write this post we have another one - Egypt unrest. Oil broke above $102 during night trade. Welcome to July everybody. This one won't be calm.