MBWealth’s Commodity Blog

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Markets are hot and cold… up and down…bullish then bearish day to day. Until trends are established lighten up and adjust your trading size. Yesterday it appeared a close below the 50 day MA in Crude had prices poised to move lower but a late day rally allowed prices to hold that level; in September [...]

Traders are not drinking the Fed’s Kool-aid today. A surprise build in this week’s inventory report had energy bulls on their heels as it appears September Crude oil will close below the 50 day MA. We suggest moving to the sidelines in futures and lightening up on your bullish options exposure. With the dollar due for [...]

If you do the necessary research before putting on a trade “let the trade work.” By that I mean with the current volatility it is easy to get shaken out of good trades but if your timing is less than perfect but the risk/reward is favorable stay in the trade. Aggressive traders could buy Crude [...]

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Please click on spreadsheet to view and zoom to 100% Energies For the last six weeks Crude oil has been in a $10 trading range and as of the close last week prices are just about in the middle of that range trading at $76/barrel on the front month. We suggest buying dips near $73-74 [...]

Please click on spreadsheet to view and zoom to 100% Energies Crude oil prices dropped nearly $7/barrel last week and could challenge the lows from late May. We don’t read too much into the sideways action in the last five weeks and instead view it as a trading range. As position traders well know there [...]

If investors are not interested/confident I am a seller. When August Crude took out $77.70; the 9 day MA mentioned yesterday buyers disappeared and as of this post prices are below the 20 day MA down 3.40% on the day. The path of least resistance is down and this leg could drag prices back to $73/barrel. [...]

Please click on spreadsheet and zoom to 100% Energies Crude reversed direction last week closing near $79/barrel and breaking out of the descending triangle that buoyed prices since the beginning of May. It could be on technical buying as the 20 day MA supported last week though tropical storms heading towards the gulf may also [...]

Please click on spreadsheet to view and zoom in on reader if needed Energies The trend in recent weeks has been up and though we feel that it will continue we’re expecting a $3-5 set back in Crude oil in the immediate future. In the August contract we expect $79 to act as solid resistance, [...]