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 [...]

This market is not for the faint of heart and only risk capital should be used. As for commodities…Buy this dip is all I have to say. Lower trade was rejected in Crude and it looks like we will get a settlement back above $80/barrel. As we said yesterday trades under $80 should not last [...]

The Federal Reserve warns of economic risks. Really thanks for the new update ….rising unemployment, a declining housing market, a sideways stock market, record low yields in Treasuries, rising commodity prices and global uncertainty…yeah I would say economic risks are abound. Crude is finding support at the 50% Fibonacci level if you look at the [...]

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 [...]

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 [...]

The pause in stocks and commodities today appears to me like they are just catching a breath before their coming leg higher. Today’s’ inventory report was far from bullish but Crude held onto gains trading intra-day above $88/barrel for the first time in two weeks. We maintain our bullish stance thinking prices will make their [...]

At least in Vegas you get free drinks and maybe some comps…this market is a kin to gambling so be cautious. A $7 trading range in Crude oil today takes prices dangerously close to $75/barrel a level not seen in fifteen months. We still say we see $95 before $75 but we may end up [...]

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 [...]

It is evident by the market fluctuations that investors are not excited about the current economic conditions. This in my opinion is just and as far as I see these wild swings are not going to end in the immediate future so tread lightly. Oil is down nearly 9% in the last seven days but [...]