MBWealth’s Commodity Blog

Please click on the spreadsheet to view, zoom to 100% if needed. The Line in the Sand format has changed, you will be receiving the chart on technical analysis Monday mornings. Please visit Matthew’s Daily Thought for your market wrap ups and predictions. In addition he will be posting a new article per week, you [...]

Do not be a hero as this market will take no prisoners….long or short it does not matter…cash is king and keep your size small. Clearly we were wrong on Crude holding the lows from June with prices down nearly 6% today trading to a nine month low. We see the next significant support $3 [...]

This is not your father’s market where investors can buy and hold. Cut losses and take profits…risk management is the name of the game. Three dollar trading ranges or $3,000 swings are now commonplace in Crude in a 24 hour period so this market can be humbling. It is a roller coaster ride but as [...]

A curve ball with NFP today…unemployment reaching a reported 9.2% and adding 20% of the anticipated jobs last month whipsaws markets today. Crude gave back the previous two days gains down 2.4% as of this post. We did not see this type of move to end the week but we still  finished higher now for [...]

Crude powers through the 40 day MA closing at three week highs just under $99/barrel in August. We maintain a $103 target and continuing at the current up pace prices should reach that level by this time next week. The 2% surge in Crude was dwarfed by the strength in the distillates with RBOB higher [...]

Is risk off indefinitely, could this be a change in the market dynamic? We think it is a temporary pause but time will tell. Inside day in Crude oil with prices back near the bottom of the recent trading range down 2.6% today. Looking at the charts this level has been supported in the last [...]

With a bit of leverage and wild swings traders have been forced to manage their trades more than ever .i.e. cutting losses and taking profits. The 100 day MA appears to be the pivot point in Crude oil; in the June contract that level is $100.55. We are cautiously optimistic and have bullish positions on [...]

This is not a reference to one specific market but rather a suggestion to NOT allocate all your eggs in one basket and trading markets NOT on every one’s radar. I am torn in Crude as prices could go either way. We printed a new high but failed to break out on the upside and [...]

In the coming days we are calling for a dollar rally so consider yourselves warned.  The simple logic that the dollar bear trade has become far too crowded and we have month and quarter end this week…that simple. A breach of the 20 day MA in May Crude should confirm a break lower; that level [...]

Not in the markets but me as my blood pressure had been on the rise I’m off for two much needed days. Crude has advanced five out of the last six sessions and is trading back near the contract highs. The bulls remain in control but we would not rule out a sell off on [...]