Monday, June 21st, 2010
After making a new high Crude failed and closed almost $2 off its’ intra-day high. We suggest exiting all remaining longs as we suspect a set back. We anticipate a challenge of at least the 20 day MA; in August that level is $75.15. We’re not suggesting getting short but rather moving to the sidelines. [...]
Tags: bradbard, Canadian Dollar, candlestick charting, chinese yuan, commodity, corn, cotton, crude oil, forex, futures, gold, japanese yen, key reversal, live cattle, MB Wealth, options, silver, soy meal, soybeans, sugar, us dollar
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Tuesday, May 4th, 2010
As of this post oil is lower by 4% and it does not look like the selling has abated as of yet. Assuming this is not just a one day event we may have put in an interim top yesterday. Looking at a daily candlestick chart notice the doji formation on heavy volumes. Support is seen [...]
Tags: 30-yr bonds, bradbard, candlestick charting, coffee, commodity, contagion, corn, crude oil, futures, gold, inflation, Loonie, natural gas, options, silver, sugar, treasuries, us dollar, wheat
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