MBWealth’s Commodity Blog

With one month under our belt how is your 2012 looking? RBOB, OJ, stocks, feeder cattle and all the metals were the upside movers in the month of January while natural gas was the only negative standout. Will these moves set the tone for trading in 2012? The move lower has been minor but Crude [...]

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There is no excerpt because this is a protected post.

There is no excerpt because this is a protected post.

There is no excerpt because this is a protected post.

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 technical analysis Monday mornings. 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 [...]

When Crude was negative in early dealings we reached the 38.2% Fibonacci retracement level; our first target. A trade below $92.50 in February and we could see $89. At that level we would be looking to reverse and shift from a bearish stance to bullish stance…stay tuned. If we do see a further $3-4 slide [...]

A number of commodities have gotten drilled of late and in my humble opinion there is more to come. Crude is lower by $5 closing back under to 40 day MA …our first target mentioned in recent posts. From here we should see $93 and possibly a trade under $90/barrel…trade accordingly. Continue to use rallies [...]

Markets remain sluggish looking for direction…either higher or lower. As of this post Crude is virtually unchanged hovering around the $101/barrel level. We still favor fading any rallies as $102 is continues to act as resistance. On a settlement below the short term MA’s around $99.50 in January we would be adding length looking to [...]

The longer this despicable situation goes unresolved with MF Global the larger effect we see on the commodities market and overall financial system. We hope to see a resolution in the coming weeks. Crude is roughly $5 off its highs and we are operating under the influence that an interim high was reached this week. We [...]