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The jobs report came out with lower than expected jobs created, but not by much. The bond market spiked initially higher, but then dropped hard and fast, and is now down .7% on the day. We believe a technical picture is setting up for a multi-point downmove in the US 30yr bonds. OCT16 WTI crude oil is up over 3% today, but is bumping up against a key resistance level. As we noted earlier this week, coffee did indeed explode higher, and we would not be surprised to see another run higher soon, possibly even to $1.59.

Snap 2016-09-02 at 09.36.22

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