Through the 50 day MA in Crude today as predicted gaining 3.4% as of this post. Clients have been advised to establish longs in recent sessions looking for this exact move. Our suggestion remains buy dips in either January futures or February options. As Crude appreciates so should the distillates; heating oil and RBOB were [...]
Oil was higher by2% today and it looks as if prices are on their way to $74. We are holding December $75/80 call spreads for clients. Natural gas was higher by 9-13% today depending on the month. We advised clients to lighten up and take partial profits on their November and December call spreads. We feel [...]
Mixed bag in energies with oil and RBOB lower and heating oil and natural gas higher. We are holding December $75/80 call spreads for clients in oil thinking a test of $74 is in the cards in coming weeks. A roller coaster ride in natural gas in recent sessions with prices appreciating 13% today. If we [...]
Oil is above $70 making a new contract high having appreciated some 40% since the beginning of May. We feel you are late to the party if you don’t already have long exposure though we’ll be looking at getting long on a setback if we ever get one?? Ou pick in the energy sector remains [...]
After a monster month commodities held their ground with a number of commodities making new highs. Crude oil up every day this week, fast approaching $70. A correction in oil and RBOB is over due but will it happen? Traders not willing to trade futures or sell options we advised to buy August $4.50/5.50 call [...]
This was bad but it could have been worse and it is our opinion that in future months it will get worse. We remain friendly to RBOB, crude and natural gas on setbacks. We have advised cleints to be a buyer of crude between $45-47 in coming weeks. We like the action in the Loonie [...]
