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 [...]

Light volume and a holiday week so do not read to much into the action this week. As we’ve stated for the last few weeks we’re expecting more downside in the immediate future and welcome rallies as selling opportunities in most products we trade with clients. We remain bearish Crude oil with the same advice [...]

Most commodities and stocks have traded lower in recent sessions and we feel there is more to come…trade accordingly. From here we see support at the 18 day MA at $96.20 with resistance at the 9 day MA at $98.50 in January. We are advising selling rallies with a first target of $92 followed $89. [...]

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 longer this despicable situation goes unresolved with MF Global the larger effect we see on the commodities market and overall financial system. We hope to see a resolution in the coming weeks. Crude is roughly $5 off its highs and we are operating under the influence that an interim high was reached this week. We [...]

Stocks and commodities got hit today and there should be more to follow. Stocks, energies , Ag even metals were not spared as Risk OFF was the theme today.  Crude failed to make it to higher ground as prices were rejected and the reversal that we’ve been expecting may finally be under way. Aggressive clients [...]

It appears the lack of fresh bearish news is viewed as a positive as most markets finish in the green today.  Crude has yet to take out the $100 level though prices are within spitting distance. We have advised clients to take off any remaining long in heating oil and Crude thinking we are drawing [...]

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 [...]

There is nothing super bullish or bearish that jumps out at me it has just been about managing your trades. January Crude got within 50 cents of  $100 but failed to clear that hurdle today. As of this post Crude is lower by .65% trading just above $98/barrel. Bulls remain in control but after a [...]

11-11-11 is this a lucky day? More so than luck how about some justice..I’ll feel a lot better when steps are taken to make MF Global clients whole and the sanctity of the commodities industry is repaired. Regulators and exchanges do not get it! Crude oil will end the week roughly $5 from where we [...]