Could the sell-off in the dollar and the ensuing rally in commodities today be attributed to the G-8? The dollar and yen were lower as all other currencies rallied, perhaps the fear trade? So many questions lets try to get some answers. Crude oil was marginally higher as it appears the 100 day moving average [...]
If you’ve been short energy congratulations, if you’ve been waiting for a correction to get long it is well underway. In the last week crude oil is down 18%, RBOB is lower b y 17.5%, heating oil is down by 18%, and natural gas by 19%. We will continue to buy October $1 call spreads [...]
Oil is down for the fifth day in a row, on a trade below $62 we should see a test of $60. We had recently entertained picking a bottom and getting long on a setback…cancel that. Catching a falling knife in crude oil is too dangerous at this juncture. If you must have exposure in the energies sector [...]
August crude is down 3.6% as of this post. We advised clients to cover shorts from Friday at a 25% net profit. There may be more downside but we wanted to use the premium from crude to purchase natural gas. We advised clients to buy October $5/6 call spreads; filled today at $2300/per. For traders [...]
Investors who have added commodities to their portfolio have had their own stimulus package as commodities are back. There is no denying this is a traders market and one needs to be nimble but being long commodities has benefitted most in recent months. Dips are still being bought in crude oil, on a closing basis it [...]
Crude higher by 3%, RBOB 2%, heating oil 6% and natural gas 11%. The only exposure we have is long natural gas which we expect to out perform, play catch up to the others. Current trades: bull call spreads August $4.50/5.50, September $5/6, August/September fence 1:8 spread. Contact us for clarification. If the world does [...]
After a monster month commodities held their ground with a number of commodities making new highs. Crude oil up every day this week, fast approaching $70. A correction in oil and RBOB is over due but will it happen? Traders not willing to trade futures or sell options we advised to buy August $4.50/5.50 call [...]
We are advising longs in natural gas with stops below yesterdays low. Also a buyer for clients of July 154/174 RBOB call spreads for 660 points today. Loonie is higher 54 ticks as of this posting, still looking for 84 cents. The yen is higher by 127 ticks, pricing out 4 cent call spreads in [...]
Month end and the conclusuion of Q1 may have increased the volatility today. Energies were lower for most of the day before making their way postive within the last few hours. We would continue to use setbacks in crude, RBOB and natural gas as long opportunities with futures and options. We are thankful that we [...]
When I say everything Crude oil was lower by nearly 8% dragging down the distillates. As we said in our commentary published today look for the week to start with a down move and use that to get long oil and RBOB. Contact us for exact pricing. Natural gas as of this posting was postive, we remain [...]
