December 22, 2010 By: Matthew Bradbard As most followers recognize, I break the commodity markets into seven sectors: financials which include the indices and debt markets, energies, currencies, livestock, metals, grains and finally the softs. So let’s examine sector by sector what should be on your radar as we conclude one trading year and a [...]
Days like today in the market separate the men vs. the boys. Any day markets move 5% in just minutes there is an opportunity to make a lot or lose a lot of money almost instantly. Some panic, others capitalize, others watch in awe. We were not in the right place with clients everywhere but [...]
Does any one really believe Goldman Sachs does not move the markets? Oil is approaching the same level it bounced from twice in the last week, will this hold true again? The action is too dicey for us to issue trade recommendations as we are seeing $2-3 swings on a daily basis. We like having [...]
Please click spreadsheet to view and adjust zoom if needed Energies Crude oil’s ascent has been relentless but could prices be due for a pullback? Oil has closed lower for the last 3 sessions and could make its way back to the trend line that has held since the beginning of February. On a close [...]
No significant movement today as I found myself staring at screens waiting for something to materialize. A wise man once said “sometimes you can make money by doing nothing.” Muted trade in May oil futures today; resistance just above $83 with support seen at $78.80 followed by $77.50. Natural gas pushed higher by 1.50% as [...]
Be cautious this week is going to get volatile! Day 1: the trend line held in oil today though it is too early to call for a reversal. A double bottom could be forming form yesterday and Fridays low; that level is just above $74 on the March contract. The only exposure our clients have [...]
Oil a loser by another 2.50% …we started buying for clients today. We suggest buying 1/3 of the ultimate position you want to own. We were buyers when May was trading just over $76 so they are down heading into the weekend. We advised buying May $78/85 call spreads today for just over $2300/per. Many [...]
As seen by the last few session it will not take much to move oil prices higher or lower with Dubai on Friday and the British racing vessel today causing whippy action. We’ve yet to commit capital for position trades but we’ve been pricing out bullish plays. The obvious would be bull call spreads but [...]
Oil dropped by 2% today making its way to the lower end of the recent range. We’ve suggested waiting for lower levels before establishing longs and we are sticking to our guns; ideally a trade down $76 and potentially $74 on the January contract. Expect some fireworks tomorrow as December goes off the board. Natural [...]
I believe the 2.5% move higher in Crude oil today was more of a dollar weakness story than an oil strength story today. Will it continue?? We expect $76.50 and $81 to contain prices on the December contract in the short run. As we said in our commentary this morning we prefer to be a [...]
