A hush came over the commodity market until FOMC decision. The streak has ended at 9 days with Crude pushing higher today by just less than 2%. We are fairly confident that an interim bottom was established yesterday; $68.59 in the January contract. We have clients long via March $5 call spreads expecting a $5-7 [...]
Oil is above $70 making a new contract high having appreciated some 40% since the beginning of May. We feel you are late to the party if you don’t already have long exposure though we’ll be looking at getting long on a setback if we ever get one?? Ou pick in the energy sector remains [...]
Natural gas is a BUY, we expect a sizeable move not today or tomorrow but over the next 3 months we anticipate a trade up to $5. Contact us if you agree so you can attempt to take advantage of this. US dollar higher by 130 points with all the major currencies getting hit..can I say I [...]
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 advised clients to buy natural gas today that did not yesterday; sell 1 August $3.25 put & buy 8 September $8.00 calls..todays fill $200 credit. OPEC meeting 5/28 Energy looks strong! We feel starting to buy here is too agressive, wait for a setback. The US dollar looks like it may rally as we [...]
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 [...]
February 12, 2009 By: Matthew Bradbard Eurodollars are deposits denominated in US dollars at banks outside the US, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the US, allowing for higher margins. There is nothing “European” about Eurodollar deposits; [...]
Absolutely relentless! Silver has now traded above $13.50/ounce, up from $8.50 just over 100 days ago. I will not say I told you so but read our Hi-Ho Silver report form November. We are expecting a correction any day now in gold and silver and stress that investors that have not taken advantage of the recent [...]
Steelers 27-17 is our prediction! Now to the markets as the first month of 09′ comes to a close. Oil remains range bound between $40 and $50 as we wait a decision to see if a 75% reduction in prices is enough. We continue to toy with the idea of gaining long exposure either via [...]
Oil briefly traded at $47 today. We could still test $32 before everything is said and done but if equities rally early next week we could see a move to $50 next week. Natural gas has been lower 13 of the last 14 days. Picking a bottom is dangerous and usually costly but keep this [...]
