Yours truly…read past blogs and commentaries MB Wealth has been saying the recent commodity move had over extended itself and Mr. Market delivered. As a trader sometimes you get out too early and we’re guilty of that for clients in recent weeks. The way I look at it I would rather be on the sidelines wishing I [...]
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 [...]
As of this posting crude has reversed from higher to lower; currently a $3 range on the day. 50 day moving average is at $45.30 in April and should act as support, if this level gives way we may see shorts pile in . Expect a $40/50 trading range ahead of OPEC this weekend. Use [...]
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 [...]
Oil briefly traded at $47 today. We could still test $32 before everything is said and done but if equities rally early next week we could see a move to $50 next week. Natural gas has been lower 13 of the last 14 days. Picking a bottom is dangerous and usually costly but keep this [...]
I am writing this a bit early today and things may change in the next few hours but I need to leave the office early for a radio interview this evening. I will be joined by Barbashop; one of our most succesful CTA’s in 08′ (up over 130%). We will be speaking about managed futures. [...]
We are longer term friendly to gold and silver but short term we expect to see a setback. Prices traded significantly higher in early dealings but with an afternoon comeback in the dollar prices retreated with silver giving back 45 cents and gold $13 as of this posting. Trading will be lite this week because [...]
