MBWealth’s Commodity Blog

Every investor has a different strategy but slow and steady sometime wins the race. The idea is to be consistent and take small losses and let profits run…easier said than done. For three weeks now Crude has been stuck in a $5 trading range and this looks to continue. Today prices reversed mid-day to close [...]

A healthy move by China overnight should aid in further appreciation in most commodities in the medium and long term…in my opinion. Higher low and higher high in Crude likely helped by outside markets and the move in China overnight. On a settlement over $100/ barrel look for upside momentum to build…we are cautiously bullish [...]

January 13, 2011 By: Matthew Bradbard Find attached the 2010 high, low, open and close data for the major commodities. Maybe I have a bias since I run a Commodity brokerage and recently set up a CTA but I believe commodities are currently the best game in town. Please do not misinterpret me that does [...]

Please click on the spreadsheet to view, zoom to 100% if needed. The Line in the Sand format has changed, you will be receiving the chart on Monday’s. Please visit Matthew’s Daily Thought for your market wrap ups and predictions. In addition he will be posting a new article per week, you can find those [...]

Please click on the spreadsheet to view and zoom in if needed. Energies Last week December Crude closed about $3 off its recent highs but we’ll need to see prices close below $80 before seeing prices retreat further. The 20 day MA at $82 continues to act as a pivot point but we’re still expecting [...]

Weakness in commodities what to do? Here are a few ideas…get short, exit longs or be prepared to buy from lower levels. We think Crude oil and the distillates have put an interim top and expect prices to fall back. We reserve the right to change our mind if September closes above $79.50. We expect [...]

Now with the World Cup behind us traders can focus on the job at hand and get back to business. We expect Crude oil to track higher but the 20 day MA is serving as resistance and I noticed today looking at the daily chart if you draw a trend line down from the May [...]

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. [...]

Monday or Tuesday expect regulators to change the rules to the game. This should cause more volatility in my opinion as opposed to less but time will tell. Crude and the distillates fell hard today as expected and prices hit our $72 price objective. Though it may be a few days premature clients were advised [...]

If you do not have the stomach for volatility our suggestion would be to take the week off. Crude oil is showing signs of life posting a higher high and higher low in today’s session. Use a trade below $76 in June or above $79 as a sign of where from here. On further signs of [...]