Support remains the 100 day moving average…the line in the sand. Prices traded below the ma on crude today intra-day but it appears we’ll close back above that level; $58.98 in August. Natural gas was down by 3% today, if you’re a day trader this trade is not for you but we maintain that buying [...]
April 8, 2009 By: Matthew Bradbard In the last few weeks I have received several inquiries from existing and prospective clients. They are curious to know if I look at the commitment of traders (COT) report and if I view it as a useful resource for commodities trading. The answers are yes and yes. There [...]
Oil briefly traded at $47 today. We could still test $32 before everything is said and done but if equities rally early next week we could see a move to $50 next week. Natural gas has been lower 13 of the last 14 days. Picking a bottom is dangerous and usually costly but keep this [...]
