MBWealth’s Commodity Blog

Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices reversed finishing 1.65% higher today. $1oo appears to be a magnet for pricing and [...]

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Nothing included markets move in a straight line…stocks will not move higher in a  straight line nor will natural gas move lower…all things must come to an end. I am still in a holding pattern waiting for direction in Crude oil. We’re still experiencing a tug of war in the distillates as RBOB was lower [...]

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 [...]

After a long weekend the markets are back to  normal trading hours. Crude will finish just shy of 2% higher but will not retake the 9 day MA; in March at $101.25. I have advised the sidelines thinking we remain in the $10 range and do no wish to establish a position being we started [...]

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 [...]

The day is not over but I have not had any strange things happen to me that are typical of this date. I’ll let you know next week if I made it the whole day. Crude failed to make a new high this week closing roughly $5  from its highs. Prices failed at the same [...]

There were little to no big movers just the status qou. Crude turned down today trading down over 2% as of this post. If we see a settlement below $100 I will turn bearish. Next support is seen at $98 followed by $93 on the February contract. Natural gas gave up another 2% today taking [...]

Over the years I’ve tried to stay informed on 50-60 different commodities and paying attention to commodities off the beaten path has provided my clients opportunities when the majors did not provide trading opportunities. For example following markets like lean hogs, cocoa or soybean meal when gold or oil are not giving clear signals.  Crude [...]

It will not likely make headlines because it is not energy or metal but look at the last few days in some of the soft commodities. OJ and cocoa higher by 17%. This is what commodities is all about…timing.  by The 9 day MA has supported Crude the last three days but unless we make [...]