Builds across the board on Crude and the distillates today. Crude traded lower as expected and is down over 3% just above support at $76.50 on the December contract. If that level gives way expect $75. We do not have clients short but will be looking to get long form lower levels…stay tuned. Trade idea: [...]
An inside day in Crude as prices look to close slightly higher. We have no exposure with clients but expect prices to drift lower in the short run. Inventory report out tomorrow a day later than normal on Crude and the distillates and on Friday for natural gas. As previously stated we expect the September [...]
Crude prices are still trying to decide on where to go from here; for now the 20 day moving average seems to be acting as the pivot point. As we’ve stated the range remains$81 to $76.50 on the December contract. Natural gas is lower by 19 cents as of this post. Looking at the pattern in [...]
If the US dollar was to rally what to do? Crude oil is down just over 2% as of this post and if prices were to close lower this would mark the first consecutive lower closes since late September. We maintain that on a further dollar appreciation Crude can come down $5 plus; the 38.3% [...]
There are numerous ways to play long oil, short Treasuries or for that matter any and all of your investment conclusions. We will be looking for ways to further our exposure in long energy for clients but at this point only hold longs in natural gas. We do feel that prices of Crude and the [...]
“Suspend your Disbelief” That is what a manger of mine said to me 4/5 years ago when at the time I was buying out of the money Crude oil calls. I find myself thinking the same thing today when buying gold call options for clients at a record high. He was not capable of calling a [...]
In this environment it is a challenge sticking to your guns. My feeling is that once you do your homework and put on a position stay in the trade until the circumstances that got you in the trade change. Try to ignore the noise day to day! That is not to say get married to [...]
2009′ is 3/4 over how is your performance? You’ve had to pick your points in commodities but for the most part being long currencies against the US dollar and long metals have been the plays. We’ve had success as well in the softs, i.esugar, coffee, OJ, and coffee. We feel the big swings today is [...]
Circumstances are far different than they were one year ago, some for the better some for the worse. Mid-day reversal in natural gas taking prices in November higher on the day after trading to $4.60 early. We are still wanting a correction before re-establishing longs for clients, ideally before a penetration of $5. Crude was volatile [...]
Do not read into market activity today as volumes were light on the Jewish holiday of Yom Kippur. As long as crude holds Friday’s low we will remain long with clients; November contract $65.05. October expires today in natural gas with November becoming the active contract. Recognize this market still trades in deep contango so overnight [...]
