Yes you read it right look for a bounce in the US dollar and a temporary set back in most commodities. Crude closes slightly lower for the first time in four sessions. The trend remains up but after the price explosion in recent sessions understand that in three weeks prices have moved from oversold to [...]
I’m sticking to my positions and holding some winners and some losers putting it out there. For some followers who have to date failed to recognize some of my trades will be losers while others will be winners. Crude oil prices are at a seven week high approaching $82 in the November contract gaining nearly [...]
With Labor Day and the Jewish holidays expect volatile moves this week. October Crude has finished lower the last two sessions but as a trader what I’m interested in is that prices have closed $1-1.50 off their intra-day lows. We expect the recent lows to hold and for prices to make their way north of [...]
Higher or Lower? That is the question, while we think indices, energies and currencies could move higher in the short run we feel a move lower is just around the corner. Crude continues it’s assault higher as we see the 61.8% Fibonacci retracement as the next stop; at $83.75 in the September contract. Use the [...]
Base and precious metals no longer appear to be correlated, Treasuries inverse relationship to indices no longer exist, dollar up equals commodities down right…wrong. When things do not make sense take your position size down. Mixed results in Crude today with the front month lower and back months gaining. Take for instance just the first 2 [...]
Some of our more contrarian plays look to be turning in our clients favor. Oil is higher for the fourth consecutive day as prices inch closer to $90/barrel. A higher high and higher low today for natural gas giving back most of its gains from yesterday’s session. We see support at the 9 day MA [...]
Dollar up commodities down, stocks up oil up, stocks down Treasuries up…well not today. Be wary of the decoupling as new relationships may be forming. We are thankful we took oil shorts off yesterday for clients albeit at a small loss being prices were higher by $1.25 today as of this post. Natural gas is [...]
Short covering, month end, dollar rally call it whatever you want. Here is the scorecard: short Crude oil, short the S&P, Short Euro-currency, Long the Yen, short silver, long Treasuries (NOB spread). We advised using todays’s retracement in corn to buy o get positioned in a portion of the corn you want to own into [...]
Really it is just the beginning of September but historically the next 2 months is not kind to equity markets. Will this year be different? Vix spike and talk of bank failures…I think I would rather be on the sidelines than in a market that has bounced 50% while the circumstances have not justified that [...]
Energies look like they are do for a setback, we advised clients to trade out of July and August call spreads and some brave souls got short. We still favor longs in natural gas, down 11 cents as of this post. After a nice gain in recent sessions look for currencies to back off, i.e. [...]
