Archive | August, 2012

Silver Surges Four point Four

Energy: Crude will finish about in the middle of the $4 trading range we experienced this week. After challenging the trend line the last 2 days bulls are trying to make a case for a bounce but I am still looking for a trade under $90 in the coming weeks. RBOB finished the week strong […]

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Jackson Hole holding pattern

Energy: The slope is not dramatic but it does look like prices are starting to trade lower in Crude oil, with October now just better than $3 off recent highs. As I’ve said repeatedly if prices can breach $94 we should see prices under $90 and on that I would start lightening up on bearish […]

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RCM Commodity Update

Energy: Crude oil closed below the 8 day MA for the first time in 3 weeks as prices appear to be rolling over. On its lows prices traded as low as $94.40 but losses were pared by the end of the session. The trend line that has supported since the beginning of June comes in […]

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Gold finishs up three point three

Energy: Crude oil will finish lower this week for the first time in four weeks. Prices failed to make their way above $98 and will close out the week at the 8 day MA. Next week look for a break lower, my targets remain $94 followed by $90 in October. RBOB broke 1.6% to end […]

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Hurricane Threat Blows Up OJ

Energy: Inside day in Crude oil with prices marginally higher closing just over $97/barrel in October. As long as prices remain under $98 I’d be expecting a correction lower. A close under the 8 day MA should confirm that. My downside targets are $94 followed by $90. RBOB advanced juts better than 1% as the […]

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Corn is Popping

Energy: I’m not clear on what the catalyst will be but it will take a close under $94 in October Crude oil futures to signal an interim top. My suggestion has been to wade into bearish trades thinking a correction will come soon. As long as prices remain under $98/barrel I would stay the course. […]

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Sugar on a Winning Streak

Energy: Crude oil closed above the 100 day MA for the last 2 sessions as September futures are approaching $96/barrel. With prices at 3 month highs I am ok with client having light bearish exposure. I would not rule out a trade closer to $98 but I do not see prices able to sustain these […]

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Momentum shifting in Metals

Energy: Crude oil will close positive but an inside day and prices even with the bump remained below the 100 day MA. I like fading prices at this level anticipating a trade $5-8 lower in the coming weeks. RBOB failed to break the 8 day MA as we ended back over $3/gallon. My take remains […]

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Steadfast pillars of Ag Sector showing cracks

Energy: Crude oil failed to get thru the 100 day MA with prices closing marginally lower. The 100 day MA has caped upside now for the last 5 sessions. My target in September futures is $87 when prices roll over. That type of move should drag RBOB back near its trend line just shy of […]

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Planetary Alignment in Futures Market

Energy: Crude oil probed the 8 day 8 MA on the downside but did pare losses to close just under the 100 day MA virtually unchanged in today’s session. I’m in the camp that prices are due for a $5-8 retracement. I advised aggressive clients to gain bearish exposure with either futures or options to […]

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