Protected: The Line in the Sand March 08, 2010
Monday, March 8th, 2010There is no excerpt because this is a protected post.
Archive for the ‘The Line in the Sand’ Category
The Line in the Sand March 01, 2010
Monday, March 1st, 2010Please click on spreadsheet to view
Energies Crude oil is busy trying to decide where prices go from here as we’ve been in a $3 trading range for the last 7 sessions. We are advising clients to be sellers near $80 anticipating a trade down near $75/76 in the coming weeks. However we do think that [...]
The Line in the Sand February 22, 2010
Monday, February 22nd, 2010Please click spreadsheet to view
Energies April Crude closed back above $80/barrel last Friday for the first time since January 14th. The recent movement in oil has been anything but a smooth ride as the average daily trading range for the month of February is $2.70 or $2700 per contract. On a seasonal trade we will [...]
The Line in the Sand February 16, 2010
Tuesday, February 16th, 2010Please click the spreadsheet to view
Energies Oil has traded higher 4 out of the past 5 sessions ending last Friday just below the 200 day moving average on the April contract, which comes in at $75.10. Unless we get a close above the down sloping trend line this week and demand appears to come back [...]
The Line in the Sand February 08, 2010
Monday, February 8th, 2010Please click here to view spreadsheet
Energies In the last 60 days Crude oil advanced $11/barrel only to do an about face and then fall $14/barrel just as quick. No one can tell me the fundamentals have shifted that much nor can you read too much into the technicals. That being said, oil is a traders [...]
The Line in the Sand February 1, 2010
Monday, February 1st, 2010Please click on spreadsheet to view
Energies Crude oil is trading at a one month low having lost ground 12 out of the last 14 sessions. Shorts have made some good money but we would advise taking a profit because we feel it is time for longs to have their way. Examining the daily chart we’ve [...]
The Line in the Sand January 25, 2010
Monday, January 25th, 2010Please click on spreadsheet to view
Energies Crude oil has come down virtually $10/barrel in the last 10 days showing only 1 positive session putting prices back at the consolidation level from mid-December. Drawing a trend line from the July lows of 2009 we are at support right now. If this level gives way expect a [...]
The Line in the Sand January 18 2010
Tuesday, January 19th, 2010Please click on the spreadsheet to view
Energies As we wrote in our blog on Friday oil has traded lower for the last 5 sessions, the last time we had this streak was back in the beginning of December when over 8 session’s prices fell by 9.4%. If this pattern was similar we would see a [...]
The Line in the Sand – January 11 2010
Monday, January 11th, 2010Please click spreadsheet to view
Energies The recent run has been impressive with oil gaining 15 out of the last 18 sessions appreciating 17% in that time frame. We feel enough is enough and expect not a reversal but rather a pullback. Clients were advised to gain short exposure late last week buying April $82.50/$75 put [...]
The Line in the Sand January 04, 2010
Monday, January 4th, 2010Please click the spreadsheet to view it
Energies In just over 2 weeks Crude oil has gained $8.50 or 12% back to getting prices near $80/ barrel. This has been an impressive move with prices gaining 13 out of the last 15 sessions. We used the recent move to maneuver in and out of $5 call spreads [...]
