Archive | January, 2013

Coffee futures percolating

Energy: Crude oil gave up 1.50% closing at its 8 day MA just above the 38.2% Fib level. I think if we can break those 2 pivot points we should see more selling to follow…I see the next support level $2 under current prices. RBOB has gained for the last 5 sessions but trades above […]

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Buy Gold and sell Platinum

Energy: March Crude oil futures will finish lower by nearly 1% just off the lows at the 8 day MA. I think our patience will pay off as I expect that level to be breached and lower trade to follow in the coming sessions. I’ve suggest bearish exposure to clients thinking we get a break […]

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Bearish engulfing candle in the dollar

Energy: Crude closed higher by 0.84% trading above $94/barrel for the first time since mid-October. I hate to buck a trend but I still think we could see a retracement before much more upside. Traders should either have stops above current levels in case I’m wrong or hedged off short futures by selling puts would […]

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Crude taking a breath before a dive

Energy: Crude oil continues to tread water around the $93 level but I think she is taking a breath before a dive lower. I am not as bearish as Byron Wien thinking we see a trade to $70 anytime soon but I think in the coming weeks we can see a trade under $90/barrel. RBOB […]

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Stock indices heading south

Energy: Higher trade failed in Crude oil as an early bid was rejected and prices settled under previous resistance. Prices need to break under their 8 day MA in the coming sessions to confirm a trade lower. That pivot point in February futures is at $92.50. RBOB bounced off it 8 day MA but again […]

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Sally Nicoll Speaks

Sally Nicoll was a journalist, broadcaster and advertising copywriter before she discovered spread betting. She told of her experiences in this latter field in Bets and the City , a comedic memoir which turned out to be a surprise bestseller and transformed her into a cult figure. Sally was taught about gambling on horse-racing by […]

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Yen may get the bounce

Energy: February Crude oil closed just over $93/barrel …around resistance that has held the last 4 sessions. I do not see much gas left in tank. Confirmation of prices moving lower would be confirmed by a trade under the 8 day MA; currently at $92.33. Understand my guys that remain short futures have sold put […]

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Dow running on fumes

Energy: Selling was rejected in Crude oil as support was found at the 8 day MA. Some of my clients that got into bearish trade late opted to close positions at a small profit. I still believe that we trade lower but the fact that equities remain at lofty levels has me a bit baffled […]

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Phenomenal trade for trend followers

Energy: An inside day in Crude oil as futures will finish marginally lower just under $93/barrel in February. I’m operating under the influence that there is limited upside in the immediate future and have advised clients to gain light bearish exposure. I am targeting a move back to $88/barrel. Some clients are short April futures […]

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Futures at the fiscal cliff

Energy: Crude oil closed 1.42% higher as the 100 day MA supported today, currently at $91.65 in February. Another $2 move higher would complete a 61.8% retracement and put futures back near their October highs…this is a reach but possible in my opinion. I still like the idea of scaling into bearish trade. My favored […]

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