Archive | May, 2011

Do not Ignore the Greenback

The dollar has appreciated 4% in the last week but has the easy money been made on longs? Crude oil should to close about 0.70% higher in today’s session but we would like to see a settlement back over the 100 day MA before thinking this correction has run its course. Aggressive traders are buying […]

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Active Trading

With a bit of leverage and wild swings traders have been forced to manage their trades more than ever .i.e. cutting losses and taking profits. The 100 day MA appears to be the pivot point in Crude oil; in the June contract that level is $100.55. We are cautiously optimistic and have bullish positions on […]

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What Commodity Bubble?

Is the commodity bull market back or is this just a tradable bounce…I do not care either work for me. Crude oil got the bounce we were looking for advancing just over 6% as of this post. Trail stops on longs as traders do not want to give up all of a $6,000 move/per futures. […]

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Bond Futures rip higher, but will RIP be next?

It has been a chaotic and confusing week for commodity traders, but the Treasury market seemed to avoid the typical spillover of volatility. Virtual crashes in silver, gold, crude oil and the Euro could have easily sparked flight to quality buying into Treasuries but it just wasn’t meant to be. The government reported its latest […]

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Panic Deleveraging

The panic deleveraging should subside in the next few sessions and prices will likely turn north again. These moves are violent and not for the faint of heart but remain disciplined as I’ve seen some of the largest moves in my career in recent sessions…which equates to big money making/losing opportunities. A $10 decline in […]

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Commodity Correction

This is a correction not an end pure and simple in my humble opinion. Active traders can play the counter trend investors can wait for a better long entry. Crude closed below the 20 day MA today for the first time in two weeks making its way to the 50 day MA which is our […]

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