MBWealth’s Commodity Blog

Yes you read it right look for a bounce in the US dollar and a temporary set back in most commodities. Crude closes slightly lower for the first time in four sessions. The trend remains up but after the price explosion in recent sessions understand that in three weeks prices have moved from oversold to [...]

I’m sticking to my positions and holding some winners and some losers putting it out there. For some followers who have to date failed to recognize some of my trades will be losers while others will be winners. Crude oil prices are at a seven week high approaching $82 in the November contract gaining nearly [...]

The BOJ will be in the headlines intervening but I’m convinced almost all the markets from stocks to Treasuries, etf’s to commodities are manipulated. High to low November Crude has come off just shy of $3 in the last two sessions. As previously stated we hinted at a temporary pullback but remain bullish as long [...]

With Labor Day and the Jewish holidays expect volatile moves this week. October Crude has finished lower the last two sessions but as a trader what I’m interested in is that prices have closed $1-1.50 off their intra-day lows. We expect the recent lows to hold and for prices to make their way north of [...]

Investors who have added commodities to their portfolio have had their own stimulus package as commodities are back.  There is no denying this is a traders market and one needs to be nimble but being long commodities has benefitted most in recent months. Dips are still being bought in crude oil, on a closing basis it [...]

If any one is keeping score the BOJ no cut, RBA 25 basis point cut with the BoE  meeting on Thursday where we expect nada. Crude was down 5% today and without a bullish inventory report tomorrow prices look poised to revisit $45.  Asssuming the H/L ytd a 61.8% Fibonacci retracement in May is $45.40. [...]

Expect the BOJ to hold rates at 0.10% and the RBA is more of a wilcard..cut of 25 basis points factored in. In terms of the trade we expect the Euro & Pound to move lower and the Loonie higher. Much of this will depend on if the dollar pushes higher or trades below 84 [...]

Crude oil settled over $50 once again and moving up 35% in just the last month….. but we have no inflation! Brace your self for what is to come, we continue to advise clients to buy dips in crude, RBOB and natural gas.  April postions may run  out of time but being long May and [...]