Natural gas down another 4% today as the slippery slope south continues. LTD in May is next Tuesday for those brave or dumb enough trying to pick a bottom with me new entries should be in June. US dollar down 70 points, we suggested a short in yesterday’s blog. We still like the Loonie and [...]
Builds in Energy inventories today but oil and the distillates held their own. We continue to advise clients to buy RBOB and Crude on pullbacks. Furthermore we maintain our stance on natural gas, weigh the risk to reward. On the upside we feel there is $1.25-1.50 of profit potential and not more than 50 cents [...]
The BOC cut rates 25 points taking rates to 0.25%. The Loonie may have found a bottom on that news as prices have come off 4 cents in the last 4 sessions before reversing trading back above the 50 day moving average and postive on the day as of this posting. We put in gtc [...]
Natural gas still searching for a bottom; get long March futures with a stop below4.25. We will also be pricing out April calls soon. We would be a buyer of oil under $33 but have little interest in buliding a position yet…could be talked into trading a bounce from oversold levels. Trend remains down until [...]
