The USDA report was yesterdy’s news by the open as traders now await planting intentions at the end of the month. As Sam Lerner from Roach Ag says, ” a classic case of buy the rumor sell the fact.” Current grain spreads clients are in; long SX9/short SK9 and long WK9/ short CK9. The wheat/corn [...]
As of this posting crude has reversed from higher to lower; currently a $3 range on the day. 50 day moving average is at $45.30 in April and should act as support, if this level gives way we may see shorts pile in . Expect a $40/50 trading range ahead of OPEC this weekend. Use [...]
Energies lower and for now will be guided by the stock market. We maintain our belief the bottom is in RBOB, Crude and natural gas. Only 2 or so weeks until the next OPEC meeting…keep that in mind before getting short or speculating on lower levels. Taking on some water on our Loonie long futures [...]
One of my clients today commented on “nerves of steel” and he was right TRADERS must have nerves of steel in this environment. Moves that have typically taken weeks to months in currencies, energies, financials are now happening in just hours. Money mangement will be key to have any success this year. Energies advance significantly [...]
January 27, 2009 by: Matthew Bradbard The real estate slowdown, credit crunch, deleveraging and overall lack of confidence around the globe became an infection that nearly brought the international economies to a halt. The largest bankruptcy case ever, Lehman Brothers, has come and gone after 158 years of business. Bear Stearns and Washington Mutual, two [...]
The line in the sand has held so far in natural gas, we are recomending call spreads and long futures with stops below recent lows in February and March. AGA showed the fourth week in a row with a draw in injections, unfortunately not as big today as the market had anticipated. Crude for January [...]
OPEC delivers the anticipated cut but it aoppears the market had already priced this in as it was no secret. Front month Crude was down 8% on the day. If playing energies we prefer the long side of natural gas looking for the recent lows to hold. Gold and silver continue to merit your attention. [...]
The US dollar had fallen 5 cents or 6% in the last 6 days. As we have said for weeks many commodities are looking for guidance from the dollar and oil. The immediate direction of oil should be dictated by OPEC on Wednesday. Gold and silver continue to be strong performers and we advise all [...]
The RBC cut 75 basis points today bringing rates to 1.50% in Canada; which is probably a little more than the market had priced in but the Loonie held its own even with little help from energies and metals. We have lightly been buying energies; crude and natural gas options looking for a bounce on [...]
OPEC meeting this week. Monthly jobs number out a week from today, it should be ugly but could be factored in. ECB and BOE most likely will cut rates 50-75 basis points next Thursday, expect volatility in the currency market next week. The dollar will be key; a mixed week but down on the week [...]
