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 [...]

Stocks and commodities got hit today and there should be more to follow. Stocks, energies , Ag even metals were not spared as Risk OFF was the theme today.  Crude failed to make it to higher ground as prices were rejected and the reversal that we’ve been expecting may finally be under way. Aggressive clients [...]

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 [...]

Crude continues to work higher…my suggestion is cover shorts until there is evidence of a top. Are  prices to high…yes but we could advance $3-5 more and we’ve had enough pain. The weakness in RBOB has been the drag as even in the face of rising Crude oil RBOB has declined over 10 cents in [...]

I constantly remind my clients there are three distinct positions: bullish, bearish and the sidelines. We have most of our clients money on sidelines as we do not see many screaming buys or sells. Crude oil will end the week at the upper end of the recent trading range just above $94/barrel in December. Some [...]

Nothing notable to report as most trade was two sided . For the first session in four Crude oil traded positive closing marginally higher just above the 9 day MA. At these levels we feel Crude is too high as we are still positioned with some aggressive clients short expecting a trade lower. We will [...]

That is  a loaded question because investing in commodities is not safe however if a clearing firm goes out of business and you have a futures account the answer is yes. With the passing of MF Global I was asked this question a number of times today so I wanted to put all prospective commodity [...]

Across my Reuters terminal today I thought I was seeing things with talk of deflation. Has anyone looked at longer term pricing on commodities say over the last ten years…Really? Crude will close lower by 2.5% today trading back near $90/barrel after being within spitting distance of $95 just yesterday. A 38.2% Fibonacci retracement drags [...]

Just when it looks like a market is on the verge of breaking down or breaking out to the upside the market reverses. Two examples: Stocks appear that they are moving higher bonds look like the are trading lower but we are not believers of either just yet.  We’re suggesting the sidelines in a number [...]

Maybe it is the money some clients have lost on their longs or maybe I’m  getting a better  feel for the market but I expect prices to head south in a number of commodities…trade accordingly. Crude will close virtually unchanged today but the volatility continues as $2,500-4,000 daily ranges are becoming more and more common. [...]