MBWealth’s Commodity Blog

Please click on spreadsheet to view and adjust zoom on reader if needed Energies What took 3 months on the upside has been virtually erased in the last 2 weeks as Crude prices have dropped $14 or almost 16%. We are approaching the support from early February and at this juncture we think prices should [...]

Please click on spreadsheet and zoom in adobe reader Energies No doubt the wind has been taken out of the bull’s sails as last week’s Crude oil was lower by almost 13% giving back gains from the prior three months. This violent move has little to nothing to do with a fundamental shift but rather [...]

Please click on the spreadsheet to view and adjust the zoom on the reader if needed Energies Crude closed slightly off it’s’ highs last week just above $86/barrel. Either this week or next week we expect June Crude to make a new high which would lift prices above $87.59…trade accordingly. A possible idea could be [...]

Please click on the spreadsheet to view, if you need to zoom into the document Energies Far from a smooth ride but if you weathered last week’s volatility Crude gained for the first time in 3 weeks carrying prices back above the trend line and short term MA’s. Coincidence or not the selling was reversed [...]

Please click spreadsheet to view and adjust zoom if needed Energies Crude oil’s ascent has been relentless but could prices be due for a pullback? Oil has closed lower for the last 3 sessions and could make its way back to the trend line that has held since the beginning of February. On a close [...]

Please click on spreadsheet to view and adjust zoom with adobe reader Energies Crude oil had not traded above $85/barrel since mid-January and now with that feat behind us the question is: are we heading for $90? Crude has a tendency to fall the first part of April and then resume its rally through mid-May. [...]

Please click on spreadsheet to view and adjust zoom on adobe if needed Energies For the last three weeks oil has been unable to make it to higher ground, though we’ve yet to see the break we’ve been anticipating so it remains a trader’s market. It has not been uncommon to see $2-4 swings for [...]

Please click on spreadsheet to view and adjust magnification on your viewer Energies Neither bulls or bears have been able to gain much traction as prices of oil have wandered in a $5 range for the better part of one month. We’ve yet to get the break in prices forecasted but we are still positioning [...]

Please click on the spreadsheet to view, then zoom to 100% on adobe reader Energies The technicals are starting to roll over on the daily chart and prices of late seem to have trouble holding onto gains, so we may finally see the downside in oil we’ve been calling for in recent weeks. We are [...]

Please click spreadsheet to view Energies Crude traded to its highest level since mid-January back near $82/barrel. We’ve been expecting a correction back to $75/76 and are still positioning our clients thinking that is the likely scenario. We’ve opted not to use futures again until there is evidence of an interim top so until then [...]