Higher or Lower? That is the question, while we think indices, energies and currencies could move higher in the short run we feel a move lower is just around the corner. Crude continues it’s assault higher as we see the 61.8% Fibonacci retracement as the next stop; at $83.75 in the September contract. Use the [...]
Based on the last two day’s action Crude oil appears to be making attempts at higher ground. We will be late to this move because I do not trust it and need further confirmation before getting bullish exposure for clients. A settlement above $79.50 would be the first hurdle. Natural gas will close 8% higher this [...]
There is a full docket of events across the globe from three central bank meetings (RBNZ, ECB and BOE) to an employment report from down under and a USDA report so do not try to be a hero as fireworks could fly. Crude and the distillates got some help from outside markets and a friendly [...]
We’ve had a challenging time trading of late as all seasoned traders sometimes go thru a dry spell. Natural gas may be the first market to turn in our favor, will corn or the S&P be next? Fresh 2010 highs in Crude oil as prices have gained over $6 in the last 5 sessions. Taking [...]
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 [...]
2 Central banks have spoken, still BOE and ECB meet on Thursday. We are long the Loonie via a futures and options combination and long the June yen via 4 cent call spreads. 89.74 is the contract high in dollar index; current prcie 89.05. Oil continues to carve out a bottom as does natural gas. [...]
