MBWealth’s Commodity Blog

Based on the last two day’s action Crude oil appears to be making attempts at higher ground. We will be late to this move because I do not trust it and need further confirmation before getting bullish exposure for clients. A settlement above $79.50 would be the first hurdle. Natural gas will close 8% higher this [...]

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Markets are hot and cold… up and down…bullish then bearish day to day. Until trends are established lighten up and adjust your trading size. Yesterday it appeared a close below the 50 day MA in Crude had prices poised to move lower but a late day rally allowed prices to hold that level; in September [...]

Traders are not drinking the Fed’s Kool-aid today. A surprise build in this week’s inventory report had energy bulls on their heels as it appears September Crude oil will close below the 50 day MA. We suggest moving to the sidelines in futures and lightening up on your bullish options exposure. With the dollar due for [...]

Apparently when traders came back from lunch they found something the liked reversing indices and taking prices higher. The key will be if we have a solid close and follow thru in the coming sessions. Higher high and higher low with Crude finishing just over 1% higher in today’s session. As we’ve said in recent [...]

If you do the necessary research before putting on a trade “let the trade work.” By that I mean with the current volatility it is easy to get shaken out of good trades but if your timing is less than perfect but the risk/reward is favorable stay in the trade. Aggressive traders could buy Crude [...]

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If the dollar is moving south and the indices are moving north that is conducive for commodities to trend higher. Crude is above the trend line mentioned in yesterday’s blog higher by over 3% in today’s session. Not to mention a bullish engulfing candle on the daily chart so yes folks it looks like higher [...]

Now with the World Cup behind us traders can focus on the job at hand and get back to business. We expect Crude oil to track higher but the 20 day MA is serving as resistance and I noticed today looking at the daily chart if you draw a trend line down from the May [...]

Please click on spreadsheet to view and zoom to 100% Energies For the last six weeks Crude oil has been in a $10 trading range and as of the close last week prices are just about in the middle of that range trading at $76/barrel on the front month. We suggest buying dips near $73-74 [...]