Afternoon update

Spoos have made it back to Unchanged and it feels like they just want to sit here till the close.Oil is chopping around  and Gasoline is strong as More refineries in Gulf coast either are shutting down or cutting Run rates.Sep/Oct gasoline Calendar spread showing a nice rally today  higher by 3 handles ,25%  move!September Natural gas expires this afternoon and the front month calendar spread is trying to close at parity  as it trades currently with a spread of 6 ticks.Plenty of Shenanigans are expected in the last few minutes of trade.With a few minutes left till Pit close Brent has made a move and will settle in the green for the day.Lumber which was Limit offered at one point today will settle with losses of 3 handles.

Dollar has clawed back losses and trades Unchanged on day .This  has pressured Gold to trade down  below yesterdays Highs and  create a Risk On Sentiment,A Complete turnaround from this mornings doom and Gloom.Tomorrow we do see ADP and second revision to GDP.They should provide some excitement.

 

 

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