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 [...]

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 [...]

Call it a correction I call it volatility. The talking heads report the news not make it and trading is about being there before the move. Nothing goes up in a straight line and I think traders need to be nimble and be able to trade both sides of the market more than ever. Crude [...]

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 [...]

In this environment it is as important as ever to cut losses and take profits. Crude gained nearly 3% today…we’re wrong being short with clients going to the well one too many times. We will be cutting losses on a retracement. The 20 day MA should serve as solid support in June at $108.30. Natural [...]

The inverse relationship in the dollar and commodities was very evident this week so keep it on your radar. On the week Crude appreciated just over 4% taking prices in the front month near $113/barrel. Very impressive move for the bulls but perhaps more stunning was the ascent of the distillates with RBOB up 3.5% [...]

Markets should be topping and bottoming soon. Crude oil was higher by 1.3% today as speculative dollars continue to put into alternative investments. We feel oil and the distillates are over valued but we would be careful about jumping in front of this train. Another 2% decline today has natural gas on our radar; aggressive [...]

This is not an April Fools joke…commodities belong in all portfolios if an investor has some risk aversion just look what’s happening in commodities compared to other asset classes. Crude has its highest close in 2011 to kick off the first trading day in Q2. The momentum should carry prices upwards of $110/barrel but we would prefer [...]

Japan’s situation and the overall panic in the marketplace overnight was a game changer. My perception is we could see some dramatic moves for a few days and traders/investors should take advantage of this. We’re advising aggressive clients to buy into Crude as prices have depreciated nearly $10/barrel in the last week. The play we [...]

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 [...]