MBWealth’s Commodity Blog

Investor appetite for risk has increased as money is flowing back into securities and commodities. Crude has advanced $7.50 off its lows from Tuesday so clearly there is buying interest but we would like to see the ascent slow or even a re-test of the 9 day MA to feel confident a further move is [...]

We expect to see further appreciation  in stocks and select commodities in the immediate future. That being said we see money coming out of safe havens ( dollars and Treasuries) and back to risk assets at least for a few weeks. It is about time some appreciation…Crude is higher as of this post by just [...]

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 [...]

Moves that in years past took weeks and sometimes months are now happening in days and sometimes hours so be extremely careful. I have heard of traders being carried out in body bags in this type of environment. This could be the “new normal.” Lower highs and lower lows that has been the story in [...]

From what I hear the large swings for the most part to the downside have been caused by margin calls and forced liquidations as a number of investors are redeeming their monies from funds. Those that can have fresh powder on the other side should have some excellent entry points but who knows how long [...]

It is too early to tell if this is a true turnaround but we at minimum view it as a tradable event…time will tell. Crude is $7 off its lows from just yesterday hitting the 9 day MA on its highs today but we’re not out of the woods just yet. Continue to buy dips [...]

As we voiced yesterday the longer we fail to close over $90/barrel the likelihood increases that we get a  correction  of $3-5 lower in the immediate future in Crude oil…trade accordingly. If we are so lucky to get that break we would be a buyer of November or December at those levels. Aggressive traders could [...]

Without risk in trading there would be no opportunity for profit…embrace risk do not be afraid. We have NO concrete stance on Crude so keep your size small or move to the sidelines until we get a clearer picture. We suspect traders will try to probe the $84 level in October Crude but as opposed [...]

As we wait for a new month to begin, Labor day to pass when traders come back for Summer break, another jobs number and Fed meeting …tick…tock..tick …tock. Crude closed virtually unchanged in today’s session…as we voiced yesterday prices are at a crossroad. It may take a few sessions to decide on a direction from [...]

As opposed to gripe about market manipulation recognize it exists and will continue to impact the markets so trade accordingly. Expect the unexpected because remember this is the “new normal.” Crude has had trouble trading higher in recent sessions and it will take a settlement above $86/barrel for me to feel justified about being bullish. [...]