Archive | January, 2010

Batten Down the Hatches

Be cautious this week is going to get volatile! Day 1: the trend line held in oil today though it is too early to call for a reversal. A double bottom could be forming form yesterday and Fridays low; that level is just above $74 on the March contract. The only exposure our clients have […]

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Weekly Gold Report

This week the Gold market experienced a monumental sell-off causing the Gold and to settle below the psychological $1100.00 level the first time since December 31, 2009. During the week we traded as high as $1141.00 and as low as $1081.90 settling at $1089.70 for the shortened trading week. The Gold market has been pressured […]

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OilPrice.com Oil Market Summary

New measures by Chinese authorities to curb bank lending reversed a rally in energy prices early in the week, bringing West Texas Intermediate futures down more than 4% in the second half of the week to below $75 a barrel by Friday. China continued its efforts to slow down its economy and prevent overheating, and […]

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Whitehall Investment Management Futures Market Summary

US Debt Review and Outlook US TREASURIES gained as traders sought shelter from the storm as equities posted their worst one day drop since October 2009. US dollar strength, benign inflation data (PPI excluding food and energy prices posted lower than expected), and a weaker than expected reading on US housing starts set up a […]

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March Soybean Oil in Steep Price Downtrend

March soybean oil futures at the Chicago Board of Trade are presently in a strong three-week-old price down-trend on the daily bar chart. Prices have sold off sharply, scoring a fresh 2.5-month low on Tuesday, after hitting a fresh seven-month high of 41.91 cents a pound in early January. The soybean oil bears have solid […]

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Markets Decoupling

Pay close attention to the relationship between different asset classes and even different commodities, i.e dollar, oil, and metals. Our second objective at $77 in February Crude was reached today but prices did not stay there for long as oil reversed closing above $79/barrel. We suggest covering all remaining shorts and have yet to get […]

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OilPrice.com Oil Market Summary

Crude oil futures fell for five straight sessions as warmer weather in the U.S. dispelled forecasts of unusually low temperatures and allowed concerns about demand to come to the fore. The price for Nymex’s West Texas crude fell about 6% during the week, starting at nearly $83 and finishing at $78. Analysts said that the […]

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Gold Report

Today’s Gold Session Settles $12.50 Lower… ($1130.50) Gold prices dropped today as the U.S Dollar reversed yesterdays losses versus the Euro. Gold also was pressured as a result of CFTC Chairman Gary Gensler’s intentions “to discuss possible position limits on gold and silver contracts at a March meeting. The U.S Consumers Confidence rose less than […]

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Wheat Bears Gain Technical Momentum

March soft red winter wheat futures at the Chicago Board of Trade have seen serious near-term technical damage inflicted following a sharp price decline on Tuesday. Now, a down-trend line on the daily bar chart can be drawn from the November, December and January highs. The wheat market bears have gained fresh downside technical momentum […]

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2009 Commodity Review

Investors who positioned their portfolios thinking the Bull market in commodities was over were proven wrong in 2009. Several commodities saw multi-decade highs & a majority of commodity sectors showed above average returns as seen in the attached chart. There were a few standouts; Copper was higher by 140% trading back to levels seen in […]

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