MBWealth’s Commodity Blog

Short term expect more weakness in securities and commodities…medium to  longer term use this weakness as buying opportunities at least in commodities. Intra-day Crude was down by over $4/barrel  but as of this post prices are only off $1.70. We remain bearish with some of  aggressive clients expecting further downside. The first support is seen [...]

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 [...]

After all the huge moves we experienced yesterday one would expect follow through today which did not happen. Next week as a new month begins it will be critical to pay attention where the money flows. As long as  Crude does not make new highs we like scaling into bearish short exposure thinking  an interim [...]

It is too early to say but initial market action indicates some change in trends. Stocks  and Crude lower, bonds higher and metals could be breaking out of their recent sideways congestion..time will tell. After approaching $95 overnight Crude has backed off…as of this post prices are in the middle of today’s range. Aggressive clients [...]

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 [...]

Maybe it is the money some clients have lost on their longs or maybe I’m  getting a better  feel for the market but I expect prices to head south in a number of commodities…trade accordingly. Crude will close virtually unchanged today but the volatility continues as $2,500-4,000 daily ranges are becoming more and more common. [...]

When constructing a trade make sure you understand the risks and have realistic expectations. The volatility is here to stay so traders need to make sure they are flexible and mange the trade once you’re in the market. This is not your father’s commodity market! Surprisingly…at least to me Crude oil is approaching $90/barrel, a [...]

Based on today’s action it appears money is leaving the stock market and going elsewhere. We see money finding its way into the dollar, Treasuries and commodities …there was no clear winner at least today. Crude oil has reached over bought levels and based on outside market influence we still are thinking a correction should [...]

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 [...]

My suggestion is do your research and put on smaller positions and participate in less trading as the volatility can clean traders out if they trade the same as they did in times past. As of this post Crude is higher by 3.5% trading to its highest price in one month and above the down [...]