MBWealth’s Commodity Blog

As of this post August Crude oil daily range is $4.48 range, $4,480 per contract. No thank you not for me! If the US dollar does manage to rally from here expect to see oil setback to $62/64. The 50 day moving average comes in at $63.66. Natural gas is lower by 2.5% trading to it’s [...]

Expect volatility tomorrow on quadruple witching. Sellers have not entered in crude but buyers may be getting tired. A correction feels like it is coming. Tighten stops on natural gas as we may get a temporary push lower as prices have appreciated 15% in the last 2 weeks with no real fundamental shift. We will [...]

The waters are murky in energies, could go either way short term. We continue to like scaling into futures in natural gas and $1 call spreads in September and October. As we alluded to yesterday the line in the sand in Crude is the 9 day moving average which has held the last 2 days; [...]

As of this posting the S&P is above 900 for the first time since 1/8 and the Dow is approaching 8400 a level not seen since 1/14.  Buy stops are most likely getting hit as investors are afraid they have missed the boat. My opinion is the train has left the station and it is [...]

Happy St. Patrick’s day!  Has the luck of the Irish been with you and you portfolio of late?   Another impressive upside day in energies today, we continue to like buying dips in RBOB and crude which briefly poked its head above $50 today. Natural gas was slighly lower but we expect a turn any day [...]

March 9th– March 13th 2009 By: Matthew Bradbard This is not about more taste or less filling but rather the more government involvement and medaling in the markets the less likely we will get a prompt recovery and return to a sustainable economy. What should be on your radar this week is the USDA report, [...]

March 2 -6 2009 By: Matthew Bradbard There is a significant difference between preservation and appreciation. In this environment traders/investors must be at the top of their game as unpredictability is widespread and the magnitude of movement in all asset classes is voracious. We want to expand upon one of our posts from last week [...]

February 23 -27 2009 by: Matthew Bradbard In his infinite wisdom I quote one of Rick Santelli’s comments from last week, “Instead of giving away fish we must teach the public how to fish.” Although I think he tweaked the original, this version is more suitable in its current context. The way I view it [...]

February 17, 2009 By: Matthew Bradbard It was evident very little could be done at the G-7 meeting to help the global slowdown. The G-20 summit in April could be more of a pivotal event. More than comments from the G-7, we would look for the passing of Stimulus Deux, the bank rescue and moratorium [...]

February 9th-13th 2009 by: Matthew Bradbard You can put lipstick on a pig but it’s still a pig. The stimulus may be necessary, but it will eventually cause inflation. No one knows what the full package price will be, however we are now approaching $770 billion in round 2 of the “economic stimulus” package. This [...]