Based on the market action investors are piling back in with commodities and indices fighting for leadership. This may not be the bottom of either but certainly a tradable rally. Energies higher across the board by 3-4%. Clients are long oil, RBOB, heating oil and we will be looking to buy natural gas once again [...]
Oil gained virtually 4% today and is $4 off its lows yesterday. As soon as we get thru the 9 day MA we expect to see more buying; that level is just above today’s high. From here we see a grind higher to $76/barrel. That being said we expect heating oil and RBOB to trade [...]
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 [...]
For the last trading day to be on the 26th of the month just doesn’t seem right. Needless to say based on the market action today there seemed to be some month end window dressing, It will be interesting how we start the month of March next Monday. Oil remained range bound ending the week near the [...]
These markets seem to change minute to minute…hour to hour…day to day. The 40 day moving average that we quoted yesterday was re-visited today and held in oil. Being that we did not make a new high we are still operating under the impression that prices need to move lower before we get any substantial [...]
Please 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 [...]
5 consecutive lower days in Crude oil; on a breach of $72 in January a trade down to the September lows could be in the cards. Look for a higher trade in the dollar for guidance. We would advise booking profits in both futures and options on all remaining natural gas. Ideally traders took advantage of the [...]
Natural gas prices were higher by 7% today, we advised clients to take their positions off and book a profit on the overall trade. This time the hedge hurt instead of helped but sometimes being conservative makes you less money other times it saves you money. Clients booked a profit of $1200 on their January [...]
There are numerous ways to play long oil, short Treasuries or for that matter any and all of your investment conclusions. We will be looking for ways to further our exposure in long energy for clients but at this point only hold longs in natural gas. We do feel that prices of Crude and the [...]
Circumstances are far different than they were one year ago, some for the better some for the worse. Mid-day reversal in natural gas taking prices in November higher on the day after trading to $4.60 early. We are still wanting a correction before re-establishing longs for clients, ideally before a penetration of $5. Crude was volatile [...]
