Archive | January, 2011

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One Month Down

Crude oil futures have appreciated 8% in the last two sessions; ideally you have taken advantage of this recent surge. It is my opinion that when we get through the highs from early January we will see a trade back near $100; that being said buy dips in futures and/or options. We would still like […]

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Subdued Response to Turmoil for Treasury Futures

Political protests (more like riots) in Egypt shook up the financial and commodity markets. Investors flocked from risk and into “stuff” (as Dennis Gartman calls it). In other words, investors put money into hard assets, namely gold and silver. In theory, the move should have triggered a large wave of quality buying in Treasuries but […]

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The January Effect

We expect the action in many markets in January to set the tone for the remainder of the year. The 50 day MA has supported March Crude the last two days just above $89/barrel. As we said yesterday we would start scaling into longs willing to stay with the trade and add from both higher […]

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Crude Oil Slumps; Bearish Double-Top Reversal Looms

Crude oil futures for March delivery on the New York Mercantile Exchange on Thursday dropped sharply and hit a fresh two-week low of $89.60 a barrel as of this writing. Prices also have fallen below psychological support at $90.00 a barrel. Price action in crude oil futures the past three weeks has been choppy and […]

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A Tipping Point

Have stocks and commodities traded high enough to take some money off the table? A close below the 50 day MA today likely means lower ground; that level is $91.55 in March. No claim to a crystal ball but my assumption is we will see a trade to $88/89 in the coming weeks. An upside […]

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Weekly Gold Report

Gold Closes $23.20 Lower…($23.20) And Settled At $1360 For The Week. Another rate hike from China kept the selling pressure on the precious metals markets as many traders had predicted in the wake of rate hikes from Thailand and South Korea. This week the Gold and Silver markets could not extend early momentum due to […]

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Who, How and Why: $140 Oil and $5 Gas

Image via Wikipedia According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the “end of days.” On or about that same date, the price of oil in the United States will begin to climb to $4 a gallon, according to two savants of the oil industry. The former is highly unlikely but […]

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Market Reaction

Investors traders alike need to recognize it is not always about the number in the report but rather the markets reaction. Crude continues to move higher advancing .070% as of this post though I would have expected more upside today with the weakness in the dollar. Move support now up to the 20 day MA […]

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Lean Hog Market Bulls Regain Technical Strength

February lean hog futures prices on Monday hit a fresh nearly four-month high of $80.50 per hundredweight as the hog market bulls have regained fresh upside near-term technical momentum. Futures prices are in a choppy, nine-week-old uptrend on the daily bar chart. The next upside price objective for the rejuvenated hog market bulls is producing […]

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Clicking on all Cylinders

Commodity bulls have not missed a beat as 2011 appears to starting the same way 2010 concluded. Bullish fundamental noise over the weekend starts this week off on the upside in Crude oil. As long as $88 holds the next few days in the February contract we suggest scaling back into longs. Our trade suggestion […]

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