Archive | October, 2012

USDA brings out the bears

Energy: Inside day in Crude oil closing 0.90% higher just above $92/barrel. My loyal followers should remain in bearish trade still expecting trade back to $87/barrel. As long as prices remain under $94 in November I’m bearish. RBOB failed to make a new high trading lower before finding support at the 8 day MA. A […]

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Platinum futures a metal to watch

Energy: Crude oil failed at the same resistance that has capped rallies the last 3 weeks reversing mid day to close near its lows off 1.23% down. I anticipate lower trade into next week dragging prices back near $87 and if so I will tighten stops on shorts as to not have the trade move […]

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Hello Greenback

Energy: Crude oil will trade higher by 3.4% back near its 2 weeks highs and this is about as high as we can trade for me to be comfortable in shorts. Prices will need to see a pullback in the coming sessions or I would be cutting losses on bearish trade for clients. Over the […]

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Relief rally on 30-yr bonds

Energy: Crude oil is just over $1 from its lows but still negative on the session. I think resistance should come in just above $90 and maintain that a trade under $87 is in the cards. RBOB stalled again at its highs…it will be key for the current contract highs to resist further upside or […]

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Coffee futures getting roasted

Energy: Crude oil closed lower for the third week in a row but it was not a straight line with daily $3-4 ranges. $92 has capped upside the last 3 sessions and in my eyes prices are headed for a trade under $87 in the coming weeks. Heating oil should see lower trade but there […]

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Crude Oil Futures Dip

Energy: Crude oil gave up better than 4.25% today dragging prices of November futures under $88/barrel near 2 month lows. Another $1 and change and a 61.8% retracement is compete to my third target. I will be looking for an exit window before the weekend if the selling continues. RBOB is roughly 17 cents off […]

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Live cattle looking bullish

Energy: Crude oil lost 0.82% failing to close above its 8 day MA the last 2 sessions. My target on the next leg down is $89.25 followed by $87 in November. Heating oil closed lower for the third consecutive session just under its 8 day MA as of this post. If the 50 day MA […]

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