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In line with the pounding of equity markets after U. S. regulators filed suit against Goldman Sachs, Crude oil prices headed lower on Monday.

Alleging it sold securities that were secretly stacked against the buyer, the U. S. Securities and Exchange Commission filed a civil suit against Goldman Sachs.

On Friday, the Dow Jones industrial average lost 125 points.

On Monday, the Nikkei 225 index in Japan dropped 1.74 percent and the Shanghai composite index in China plunged 4.79 percent. The Hang Seng index in Hong Kong dropped 2.1 percent and the Sensex in India fell 1.08 percent.

Corn planting was ahead of its five-year historic average in 16 of 18 prominent corn-producing states, the U. S. Department of Agriculture has said.

Planting as of April 18 was 70 percent completed in Texas, 63 percent done in North Carolina and 59 percent done in Tennessee. Overall, corn planting was 19 percent complete, compared with a five-year average of 9 percent for this week of the year.

With investors still reacting to a lawsuit filed last week against Goldman Sachs, U. S. markets turned in mixed results on Monday.

The New York investment bank was charged by the Securities and Exchange Commission with selling mortgage-backed securities that were likely to fail because they had been secretly selected by a hedge fund manager who was betting heavily against the housing market.

According to some official reports, Toyota Motor Sales U. S. A. announced a voluntary recall of 2010 Lexus GX 460 sports utility vehicles to upgrade stability control software.

The software, known as vehicle stability control, helps keep the vehicle in control as it loses traction with the road during turns, Toyota has said.

Pre-orders for its digital reader iPad 3G would be delayed to May 7 starting with orders placed on Monday, U. S. technology innovator Apple has said.

According to the reports of InformationWeek, the company said it would honor the shipment commitment of late April for any pre-orders placed before Monday.

Natural-gas ended lower Monday as ample gas supplies, falling crude oil prices and a mild weather outlook weighed on the market. The number of rigs drilling for natural gas reached 973 last week, an increase of 28% from the end of 2009, according to oil-field-services provider Baker Hughes Inc.

Trading Ideas:

Natural Gas trading range is 169.8-185.4.

Natural-gas ended lower Monday as ample gas supplies

Now resistance is at 177.20 above this a rally till 179-181 can be seen.

The number of rigs drilling for natural gas reached 973 last week