MBWealth’s Commodity Blog

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 [...]

Stocks and commodities should come under pressure as we see lower trade across the board. The only aberration is oil which I remain puzzled on. Crude traded to a six month high closing above $101/barrel. I cannot find any justification for prices to remain at these elevated levels…that being said until we see signs of [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Dollar up  & Treasuries up equals all other instruments down as commodities and stocks were hit hard today. We expect this to last maybe a few sessions but traders are going to get great buying opportunities in a number of commodities.  Remember be greedy when others are fearful and fearful when others are greedy. Crude [...]

The Federal Reserve warns of economic risks. Really thanks for the new update ….rising unemployment, a declining housing market, a sideways stock market, record low yields in Treasuries, rising commodity prices and global uncertainty…yeah I would say economic risks are abound. Crude is finding support at the 50% Fibonacci level if you look at the [...]