If you’re not able to swallow volatility we suggest taking the next few sessions off because 2-5% swings may become daily occurrences. A potential triple top in Crude may serve as a significant hurdle at $87.50 in the December contract after today’s reversal. At this point if long with a profit we advise tightening up [...]
We expected volatility this week with still many unanswered questions and China away for the week but this is a bit much. Quite a turnaround just in the last 48 hours! April Crude is back above the 40 day moving average getting back all the previous losses from the previous week. We are tracking June [...]
Back and forth action commodity wide has trend followers confused. Every day that passes I get more convinced that the volatilityand unpredictability in the commodity markets is here to stay. Crude and the distillates remain range bound taking a breath before the next leg…higher or lower? Natural gas was lower but failed to make new lows. [...]
” There is volatility to trade but not to invest.” CNBC 3:10 PM Est. Take what the market will give you, you must be nimble to trade todays market. Pisani suuggested commodities and I could not agree more, perpare for reflation. Oil near $4 trading range tread lightly. Daily natural gas charts are extremely oversold but is [...]
January 27, 2009 by: Matthew Bradbard The real estate slowdown, credit crunch, deleveraging and overall lack of confidence around the globe became an infection that nearly brought the international economies to a halt. The largest bankruptcy case ever, Lehman Brothers, has come and gone after 158 years of business. Bear Stearns and Washington Mutual, two [...]
The United States is officially in a recession and there are very few countries in the world that have gone uneffected. Real estate, stocks, bonds, currencies, commodities are all being effected; we expect extreme volatility and irrational moves to persist for some time. The lack of follow thru in equities leads us to believe there is [...]
We suggest using this setback in metals to gain long exposure in gold and silver via futures and options. This week the ECB, BOE, RBA and RBNZ all meet on interest rates and we expect cuts across the board; contact us for our expectations. Talk of the British pound becoming part of the Euro contributed [...]
