Traders Take On Risk Amid Choppy Commodity Markets By Jim Wyckoff About this article: Thursday had extra importance from a technical perspective because it was the last trading day of the month. It is very significant technically when a market price posts a monthly high or low close on the last trading day of the month. Interestingly, Thursday saw several futures markets produce monthly high or low closes -- many more than usual. Prices for U.S. Treasury bond and Treasury note futures closed at bearish monthly lows on Thursday. Both markets are in solid near-term price downtrends. Meantime, U.S. stock indices finished April at or very near their monthly high closes; gold futures prices have recently slumped. Importantly, the recent posture of the aforementioned markets strongly suggests risk appetite has increased in recent weeks. U.S. Treasuries and gold had commanded a premium on their price structure in recent months due to the world financial market crisis and economic contraction. That premium... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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