MBWealth’s Commodity Blog

Nothing included markets move in a straight line…stocks will not move higher in a  straight line nor will natural gas move lower…all things must come to an end. I am still in a holding pattern waiting for direction in Crude oil. We’re still experiencing a tug of war in the distillates as RBOB was lower [...]

Every investor has a different strategy but slow and steady sometime wins the race. The idea is to be consistent and take small losses and let profits run…easier said than done. For three weeks now Crude has been stuck in a $5 trading range and this looks to continue. Today prices reversed mid-day to close [...]

After a long weekend the markets are back to  normal trading hours. Crude will finish just shy of 2% higher but will not retake the 9 day MA; in March at $101.25. I have advised the sidelines thinking we remain in the $10 range and do no wish to establish a position being we started [...]

There is no excerpt because this is a protected post.

There were little to no big movers just the status qou. Crude turned down today trading down over 2% as of this post. If we see a settlement below $100 I will turn bearish. Next support is seen at $98 followed by $93 on the February contract. Natural gas gave up another 2% today taking [...]

Over the years I’ve tried to stay informed on 50-60 different commodities and paying attention to commodities off the beaten path has provided my clients opportunities when the majors did not provide trading opportunities. For example following markets like lean hogs, cocoa or soybean meal when gold or oil are not giving clear signals.  Crude [...]

It will not likely make headlines because it is not energy or metal but look at the last few days in some of the soft commodities. OJ and cocoa higher by 17%. This is what commodities is all about…timing.  by The 9 day MA has supported Crude the last three days but unless we make [...]

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 [...]

Jobs are being added and unemployment is dropping according to today’s NFP but is it too little too late? The picture economically is bleak and I do not see a quick fix. Oil is getting support from the Iran situation but with economies faltering globally we should not expect this appreciation to continue. Well at least [...]