MBWealth’s Commodity Blog

March 9th– March 13th 2009 By: Matthew Bradbard This is not about more taste or less filling but rather the more government involvement and medaling in the markets the less likely we will get a prompt recovery and return to a sustainable economy. What should be on your radar this week is the USDA report, [...]

April crude should close above the 20 day moving average almost $10 off the lows from 2 weeks ago. We favor the long side advising traders to buy dips in crude, RBOB and natural gas. We remain long natural gas even with a 3.5% decline today. March currencies go off today and we will be [...]

Energies lower and for now will be guided by the stock market. We maintain our belief the bottom is in RBOB, Crude and natural gas. Only 2 or so weeks until the next OPEC meeting…keep that in mind before getting short or speculating on lower levels. Taking on some water on our Loonie long futures [...]

2 Central banks have spoken, still BOE and ECB meet on Thursday. We are long the Loonie via a futures and options combination and long the June yen via 4 cent call spreads. 89.74 is the contract high in dollar index; current prcie 89.05. Oil continues to carve out a bottom as does natural gas. [...]

March 2 -6 2009 By: Matthew Bradbard There is a significant difference between preservation and appreciation. In this environment traders/investors must be at the top of their game as unpredictability is widespread and the magnitude of movement in all asset classes is voracious. We want to expand upon one of our posts from last week [...]

If you had not lost enough money in the stock market in 08′; ytd the Dow and S&P are lower by an additional 19% as of this posting. We are still looking for a 10% rally very soon, the lower we go at this pace the less likely that scenario becomes. Alternatively the lower we [...]

February 23 -27 2009 by: Matthew Bradbard In his infinite wisdom I quote one of Rick Santelli’s comments from last week, “Instead of giving away fish we must teach the public how to fish.” Although I think he tweaked the original, this version is more suitable in its current context. The way I view it [...]

April crude and natural gas searching for a low. We are friendly to natural gas and have no opinion on crude..we would be a buyer below$33 if given opportunity on tomorrows inventory #. We have yet to commit funds long the yen as it looks like we could get long from lower levels. Remain long [...]

February 17, 2009 By: Matthew Bradbard It was evident very little could be done at the G-7 meeting to help the global slowdown. The G-20 summit in April could be more of a pivotal event. More than comments from the G-7, we would look for the passing of Stimulus Deux, the bank rescue and moratorium [...]

Crude oil up 12% today on the front month, most likely short covering. A move $4 off the lows is impressive;hope you weren’t short.  Stay tuned next week we may be advising longs in RBOB, as we said all this week on a close above 1.30 we could see 1.50 very soon thereafter. We continue [...]