Archive | July, 2013

Commodity currencies charts, July 20, 2013

The Commodity currencies not out of the woods yet

Energy: Crude oil finished higher for the fourth consecutive week trading within pennies of the $109/barrel level. It looks like an overstretched rubber band in my eyes that should snap back very soon. Those willing to accept a little risk are advised to buy September $100 put options…currently near $500 per. It is apparent I […]

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Cocoa Futures chart, July 19, 2013

Cocoa Day 1 of an Impending Reversal

Cocoa futures have traded to a 5 week high after data was released yesterday on NA grinding numbers. Second quarter cocoa grindings far exceeded the market’s expectations with an 11.8% jump…far above estimates that came in at 3-5%. A bullish number in Europe, NA and Asia all seeing year-on-year increases in Q2 in spite of […]

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Natural Gas Futures, July 18, 2013

Natural gas Rockets higher jumping 5%

Natural gas futures are higher by 5% as of this post after the weekly inventory report showed a smaller than expected build in storage levels. The EIA showed storage levels rose by 58 billion cubic feet in the week ending July 12th. Analyst surveyed prior to the #s release had anticipated the report to show […]

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Coffee Futures (Daily), July 17, 2013

Coffee Perks Up

In the last three days coffee has appreciated nearly 10 cent or 8.5%. Has the sleeping giant awoken? For weeks now I have tried to sway would be commodity speculators/hedgers, investors to position themselves for a coming appreciation. Today futures are challenging their 50 day MA (red line) for the first time since 5/17. It […]

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Crude Oil Futures (Daily), July 16, 2013

Crude oil looking for a sharp correction soon

Energy: Higher trade was rejected in Crude oil with futures ending just below $106/barrel. I’m looking for a sharp $4-5 correction very soon. My favored way to play is long Brent and short WTI 1:1. As of this post that spreads in September picked up 30 cents today…a small victory. Trading near $2.50 I expect […]

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RBOB Futures chart, Jul 15 2013 - Reformulated Blendstock for Oxygenate Blending

RBOB, Coming Sticker Shock

September RBOB has appreciated 13% in the last three weeks lifting prices to fresh intra-day highs in Friday’s session trading above the February highs. I see this move in the 9th inning and expect a retracement in the immediate future. This goes hand in hand with my prediction of a trade lower in WTI in […]

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US Dollar Index Daily chart, July 14, 2013 for the Option Queen Letter

Option Queen Letter

The US Dollar Index has been out of control, spending its weekly pay check at Bloomingdales, the jewelers and auctions in a fit of absolute manic elation, and on the other hand, and locking itself in a dark room full of despair, confined to an unproductive self-loathing stupor. You guessed it; the US Dollar Index […]

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