Archive | December, 2011

Happy Holidays!

With 2011 winding down this will be my last commodity wrap up as I am closing my office until 2012. Happy holidays to all! Crude picked up 1.7% today closing back above its 18 day MA. Traders should be buying dips that hold $95 as it looks like this leg could lift prices back near […]

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Stocks Surge

Crude finished higher for the third day running now gaining 3.45% as of this post. I expect some back and fill but dips that hold $95 in February should be bought. Hedgers should also start working back into their RBOB and heating oil hedges as bounces in Crude likely will lead to higher pricing in […]

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Mathew Bradbard Commodity Update

When Crude was negative in early dealings we reached the 38.2% Fibonacci retracement level; our first target. A trade below $92.50 in February and we could see $89. At that level we would be looking to reverse and shift from a bearish stance to bullish stance…stay tuned. If we do see a further $3-4 slide […]

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A Pause

Today’s pause in selling is just that a pause as we expect more downside to come in both stocks and commodities. Continue to sell rallies in Crude as the 40 day MA should cap any spikes higher. WTI Crude is nearly $10 off its highs just in the last three days as we should make […]

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Still Bearish

A number of commodities have gotten drilled of late and in my humble opinion there is more to come. Crude is lower by $5 closing back under to 40 day MA …our first target mentioned in recent posts. From here we should see $93 and possibly a trade under $90/barrel…trade accordingly. Continue to use rallies […]

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Moves to Come

Follow the flow of money as the dollar and Treasuries should benefit and stocks and commodities should suffer. Almost a $4 trading range and Crude is higher by just shy of 2% as of this post. The key today will be if prices close above or below the 9 day MA at $99.90 in January. […]

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Further Weakness

Stocks and commodities are expected to see more downside with Treasuries and the dollar seeing the inverse…in my opinion. Inside day in Crude oil with prices closing lower by 1.3%. Considering outside markets I expected more downside. The test will be if we can break $98 in January on a closing basis in the coming […]

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When is X-mas

As a trader I am looking for Santa to bring me a better market… a more decisive trend , a clear buy or sell signal, more certainty…any or all of these I welcome with open arms. Crude closed lower this week making it three out of the last four weeks. We’re operating under the influence […]

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Waiting for a Catalyst

Still waiting for a catalyst. January Crude continues to dance around the $100-102 level unable to find direction now for the last week. We favor scaling into to bearish positions at these levels expecting a break back near $90 in the coming weeks. Natural gas lost nearly 2% today as warm weather and lack of […]

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Looking for Direction

Markets remain sluggish looking for direction…either higher or lower. As of this post Crude is virtually unchanged hovering around the $101/barrel level. We still favor fading any rallies as $102 is continues to act as resistance. On a settlement below the short term MA’s around $99.50 in January we would be adding length looking to […]

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