Archive | March, 2011

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Fresh Start Q2 Tomorrow

Crude advanced to a two week high today with May settling back above $107/barrel. We should see new contract highs into next week…trade accordingly. Natural gas closed less than 1% higher today but well off its lows forming a bullish engulfing candle on the daily chart. We have started pricing out June and July bullish […]

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May Crude Oil Sees Potential Head-and-Shoulders Top Reversal

Crude oil futures for May delivery on the New York Mercantile Exchange are seeing some downside price pressure early this week, which has raised the specter of a bearish head-and-shoulders top reversal pattern forming on the daily bar chart. The February high of $104.95 is the left shoulder of the chart pattern, while the March […]

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Dollar Rally to Come

In the coming days we are calling for a dollar rally so consider yourselves warned. The simple logic that the dollar bear trade has become far too crowded and we have month and quarter end this week…that simple. A breach of the 20 day MA in May Crude should confirm a break lower; that level […]

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Treasury futures on hold

Mixed economic data lead to a relatively mixed session, but selling across Treasuries did show up in afternoon trade. The government’s third stab at fourth quarter GDP came in at a respectable growth rate of 3.1%. On the other hand, Michigan Sentiment was reported at a slightly lower than expected 67.5. However, as we all […]

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Weekly Gold Report

Image via Wikipedia Another Wild Week This week brought another wild trade and vast ranges to the Gold market as the yellow metal covered a $43.90 trading range as the world investors tried to decipher all the news from the globe. Today we learned that the situation with the Fukushima Nuclear Power Plant although still […]

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Luck of the Irish

Sometimes in trading I would take luck over talent. It boils down sometimes going with your gut as technical and fundamental research are necessary tools, they alone do not insure success in trading. Crude is back above the 20 day MA advancing 3.5% today. Buy dips as we anticipate a trade over $105 in May […]

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ICE Futures Europe Announces Daily Volume Record for ECX EUA Futures

LONDON, March 16, 2011 /PRNewswire/ — IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced a new daily volume record for ICE ECX European Union Allowance (EUA) futures. On 15 March, 51,638 contracts traded on ICE Futures Europe, surpassing by more than 17% the previous record of 43,885 […]

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Payrolls in Brazil gain strength in February

According to Caged, the Brazilian economy created 280,799 formal jobs in February. Adjusting for seasonal factors, the economy added 273K jobs in the month, 89K more than in January. Formal job creation was led by the service sector which added 134K jobs into the economy, its best performance ever. Manufacturing industry presented the second best […]

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Mundane Monday

The week started with little excitement but its only Monday…After four negative sessions Crude appears to have claimed a small victory trading slightly higher as of this post. If the 20 day MA holds in the next few days, in May at $99.50 we will explore gaining bullish exposure for clients again. In early dealings […]

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Weekly Gold Report

Gold Remains Resilient On Safe Haven Buying Gold and Silver finished the week strong as world events have investors looking for alternative “safe haven” investments. After China reported its first monthly trade deficit in 11 months yesterday which certainly helped fuel the profit taking sell-off in anticipation of future interest rate hikes by China’s central […]

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