Archive | September, 2012

Sugar Futures looking sweet

Energy: Inside day in Crude oil trading marginally lower but prices did regain their 8 day MA. I remain mildly bearish as long as prices remain under $98. My target on a breach of $94 we should see prices flow under $90/barrel. My suggested play is short futures while simultaneously selling out of the money […]

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Establish a NOB Spread

Energy: A $4 trading range on the week for Crude oil but prices were virtually unchanged on the week. Prices tried to penetrate $94 all week unsuccessfully closing out the week at the trend line. I am still expecting downside with a target of $90. RBOB gained 15 today to close above $3/gallon and trade […]

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Get bearish exposure in long dated Eurodollars

Energy: Crude oil traded on both sides of the trend line I’ve mentioned in previous post closing just under that key pivot point. I know a broken record but as long as prices remain under$98 I’m bearish. My targets in October are $94 followed by $90. RBOB continues to flirt with $3 on its 1.4% […]

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Matt’s Futures Market Commentary

Energy: Crude oil has tested the up sloping trend line the last 3 sessions but has yet to penetrate that stiff support level. I suspect Crude will soon make its way to $90/barrel on the October contract. RBOB ended the day lower after probing higher levels in early dealings. As long as $3 is not […]

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