MBWealth’s Commodity Blog

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 [...]

Over the years I’ve learned that when markets are quiet it is easy to fall asleep at the wheel and not abide to your plan but avoid those pitfalls to increase the likelihood for success. Crude bounced off support and closed back above the 9 day MA above $101/barrel. As long as $100 holds prices [...]

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 [...]

Investors, traders alike wasted no time putting money to work as most stocks and commodities started the new year on a  bang. We do not expect this pace to continue but perhaps the public is waking up to the fact that cash and debt will likely underperform select stocks and commodities in the foreseeable future. [...]

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 [...]

With 2011 winding down this will be my last commodity wrap up as I am closing my office until 2012. Happy holidays to all! Crude picked up 1.7% today closing back above its 18 day MA. Traders should be buying dips that hold $95 as it looks like this leg could lift prices back near [...]

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 [...]

Today’s pause in selling is just that a pause as we expect more downside to come in both stocks and commodities. Continue to sell rallies in Crude as the 40 day MA should cap any spikes higher. WTI Crude is nearly $10 off its highs just in the last three days as we should make [...]

A number of commodities have gotten drilled of late and in my humble opinion there is more to come. Crude is lower by $5 closing back under to 40 day MA …our first target mentioned in recent posts. From here we should see $93 and possibly a trade under $90/barrel…trade accordingly. Continue to use rallies [...]