Crude was down 5% today which hurts being we’ve let a wining trade become a loser for clients. They are out of all their futures with no damage done but still hold May $7 call spreads. Relatively speaking we are only back to levels from 4 days ago but the path we took here is [...]
Disappointing inventory news and oil still held up well only down 25 cents on the day. Use $76 as support in the March contract; our objectives on the upside are $78.25 & then $79.60-$80. Depending on how tight your stops were on natural gas you may have been stopped at a profit; prices traded 1-2 [...]
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 [...]
I was not expecting to be busy today but with the Dubai news on a day like today the volatility had markets all over the place. Crude oil finished lower by $2 but intra-day traded almost $6 lower. Coincidence or not the 61.8% Fibonacci line at $72.25 should contain further losses; today’s low in January [...]
Dollar up commodities down, stocks up oil up, stocks down Treasuries up…well not today. Be wary of the decoupling as new relationships may be forming. We are thankful we took oil shorts off yesterday for clients albeit at a small loss being prices were higher by $1.25 today as of this post. Natural gas is [...]
The dollar rally looks to be real and markets are feeling the effects. As we’ve indicated most of our current positions are factoring in a moderate dollar rally before an about face and move to lower lows. Crude was lower by virtually 3% as we near our targets on shorts. The last 4 sessions the [...]
If the dollar does in fact rally and this is not another head fake expect a wash out. Oil made a new low but buyers came in, tomorrow’s inventory report will be the “X” factor. We’re still expecting a sell off to $75ish but will need some help form the dollar. A falling stock market [...]
After 2 weak closes oil managed to close positive to end the week. Looking at the charts we’re at the bottom of the bollinger bands so we may get a push higher. We would not suggest new entries to buy or sell, we currently hold December call spreads for clients at a loss. We are [...]
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 [...]
The entire energy complex was higher roughly 3% today. We are advising long futures in April crude as long as prices stay above $37.12 and have been buying May $45/52 spreads at$2000, pricing out June 20 cent calls spreads in RBOB. Remain long the Loonie, Swissie and Euro look strong; may have suggestions in next [...]
