Weakness in commodities what to do? Here are a few ideas…get short, exit longs or be prepared to buy from lower levels. We think Crude oil and the distillates have put an interim top and expect prices to fall back. We reserve the right to change our mind if September closes above $79.50. We expect [...]
Please click on spreadsheet to view and zoom to 100% Energies For the last six weeks Crude oil has been in a $10 trading range and as of the close last week prices are just about in the middle of that range trading at $76/barrel on the front month. We suggest buying dips near $73-74 [...]
Very suitable fireworks in the markets as we celebrate our Independence. Be safe we will be back Tuesday…enjoy your long weekend. We feel oil could have another 3-4% downside at the most before we get a bounce higher. As we voiced in recent posts we expect the $70 level to act as solid support in [...]
Please click on spreadsheet to view and zoom to 100% if needed Energies In the last four weeks prices in Crude have been back and forth in a $9 trading range so from here where do we go? We have a bullish bias but would not be recommending new entries, if already long continue to [...]
I may need to start issuing a commentary twice daily as market volatility persists. What appears bullish in the AM is bearish by the PM. The bright spot in energies today was natural gas trading near $5 for the first time in three months. Clients took off all remaining longs at a profit and will [...]
This is it for the week as we will be in Iowa tomorrow on business. Crude has been lower 11 out of the last 13 sessions but we feel that just as quick as prices came down they could snap back. Think of this move as a stretched rubber band that in our opinion is about [...]
Monday or Tuesday expect regulators to change the rules to the game. This should cause more volatility in my opinion as opposed to less but time will tell. Crude and the distillates fell hard today as expected and prices hit our $72 price objective. Though it may be a few days premature clients were advised [...]
Not just a canceled television show but an accurate description of most major asset classes. This volatility will persist at least into next week so be careful there is no reason to be a hero. In just over one week oil has given back gains from the last three months. There will be a time [...]
As of this post oil is lower by 4% and it does not look like the selling has abated as of yet. Assuming this is not just a one day event we may have put in an interim top yesterday. Looking at a daily candlestick chart notice the doji formation on heavy volumes. Support is seen [...]
Please click on spreadsheet to view and adjust zoom on adobe if needed Energies For the last three weeks oil has been unable to make it to higher ground, though we’ve yet to see the break we’ve been anticipating so it remains a trader’s market. It has not been uncommon to see $2-4 swings for [...]
