MBWealth’s Commodity Blog

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After speaking with several prospective commodity clients today I want investors to recognize that by trading etf’s or buying stocks in a commodity sector you are not trading commodities. That being said commodity trading is not appropriate for most investors but those financially suitable with some risk tolerance should explore futures, options and managed futures [...]

A positive jobs number and things heating up in Iran and Crude is back on the move advancing 1.5% today. We may see a bounce but until we see a trade back over $99 I still am thinking prices have more downward pressure. My target in March is  a trade closer to $93-94 in the [...]

I think the number is fabricated but nonetheless it is market mover so prepare for tomorrow’s jobs number. As of this post Crude is lower by 1% about in the middle of today’s range trading lower for the seventh consecutive day. I think we see an additional $3-4 retracement before we run into serious support. [...]

With  a more positive outlook domestically and abroad expect commodities that had previously factored in a more dire picture to get back losses from late 2011. Today makes it five days in row with Crude down just over 1% as of this post trading at six week lows. A close below $98.30 in March should [...]

With one month under our belt how is your 2012 looking? RBOB, OJ, stocks, feeder cattle and all the metals were the upside movers in the month of January while natural gas was the only negative standout. Will these moves set the tone for trading in 2012? The move lower has been minor but Crude [...]

Over the next few sessions we will know but we may see some gains given back in equities as minor chart damage is being done. That being said expect higher trade in Treasuries and commodities on a stock retraction. Crude continues to flirt with $100 unable to pick a direction. The longer this consolidation pattern [...]

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I misread the recent action thinking we were approaching a turning point but now it appear the markets were just taking a breath and now the underlying moves are back on track….trade accordingly. Crude appears to be finding its footing as further sales are being rejected. With a settlement back above $100 I would become [...]

Turing point…not today and probably not tomorrow but I would expect the equity market to give back its recent gains in the very near future. What that likely means is money out of stocks and into Treasuries and commodities…just an opinion. Crude remains in no man’s land as prices could go either way in my [...]