MBWealth’s Commodity Blog

Based on the last two day’s action Crude oil appears to be making attempts at higher ground. We will be late to this move because I do not trust it and need further confirmation before getting bullish exposure for clients. A settlement above $79.50 would be the first hurdle. Natural gas will close 8% higher this [...]

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Please click on spreadsheet to view and zoom to 100% Energies For the last six weeks Crude oil has been in a $10 trading range and as of the close last week prices are just about in the middle of that range trading at $76/barrel on the front month. We suggest buying dips near $73-74 [...]

Please click on the spreadsheet to view and adjust the zoom on the reader if needed Energies Crude closed slightly off it’s’ highs last week just above $86/barrel. Either this week or next week we expect June Crude to make a new high which would lift prices above $87.59…trade accordingly. A possible idea could be [...]

Please click spreadsheet to view and adjust zoom if needed Energies Crude oil’s ascent has been relentless but could prices be due for a pullback? Oil has closed lower for the last 3 sessions and could make its way back to the trend line that has held since the beginning of February. On a close [...]

Please click on the spreadsheet to view, then zoom to 100% on adobe reader Energies The technicals are starting to roll over on the daily chart and prices of late seem to have trouble holding onto gains, so we may finally see the downside in oil we’ve been calling for in recent weeks. We are [...]

Please click spreadsheet to view Energies Crude traded to its highest level since mid-January back near $82/barrel. We’ve been expecting a correction back to $75/76 and are still positioning our clients thinking that is the likely scenario. We’ve opted not to use futures again until there is evidence of an interim top so until then [...]

February 18, 2010 by:  Matthew Bradbard Find two charts below; the top chart is March S&P futures and the second chart is April gold futures. As long as 1100 acts as support in gold we suggest being lightly long gold futures and have positioned clients in August call spreads. As for the S&P 1100 should [...]

Please click spreadsheet to view Energies Crude oil has traded lower 4 out of the last 6 sessions and appears to be grinding lower with prices now almost $5 off their highs. We’ve suggested buying put exposure for clients as we’re anticipating a trade down to $75.70, and then $73.80 in the December contract. The [...]

Energies Crude prices are back above the 50 day moving average, which in November sits at 71.50. As we have alluded to in recent weeks we favor long exposure and are expecting a push through $74 and a test of $76 on the November contract. We will have some new long suggestions this week. The [...]