Archive | livestock

Better Back the Greenback

Energy: Crude failed to make it to higher ground closing down just over 1% today. I remain convinced a bottom is near but let the market reinforce that before establishing any size on your long positions. RBOB failed to hold the 8 day MA but did probe above that level mid-day. A close above $2.68 […]

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Back in the Green

Energy: For the first time in seven trading sessions Crude made a higher high and higher low as prices will close virtually unchanged today. Sales between $96-97 continue to get rejected. I would not rule out a sideways congestion and on a settlement back above $98 I would venture to say increase bullish exposure. For […]

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When in Doubt Go to Cash

Energy: I do not like the action in Crude so I advised clients to cut their shorts in half. Do not misinterpret me I am not getting long but rather lightening up on short trades. Though I do not agree with the acceleration of commodities that we are seeing I refuse to fight it. Hedgers […]

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Without the FED…Now What?

Without further stimulus if the markets are forced to stand on their own two legs we should see a further retracement. My opinion on most commodities with a few exceptions is we have risk of more downside. Crude oil bounced off the 100 day MA today regaining 2/3 of yesterday’s losses closing 1.7% higher. I […]

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My Valentine

Making money in commodities is nice but allot sometime today to spend with loved ones! Crude’s gain today was minute but intra-day prices were at three weeks highs approaching the $102 level. Echoing yesterday’s thoughts we should inch higher near the $104 area in the coming weeks but I do not see much more than […]

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When is X-mas

As a trader I am looking for Santa to bring me a better market… a more decisive trend , a clear buy or sell signal, more certainty…any or all of these I welcome with open arms. Crude closed lower this week making it three out of the last four weeks. We’re operating under the influence […]

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Risk of Deflation?

Across my Reuters terminal today I thought I was seeing things with talk of deflation. Has anyone looked at longer term pricing on commodities say over the last ten years…Really? Crude will close lower by 2.5% today trading back near $90/barrel after being within spitting distance of $95 just yesterday. A 38.2% Fibonacci retracement drags […]

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Dollar down should equal Commodities Up

Crude will close off its intra-day highs but the key will be if we can get a settlement above the 9 day MA; in August at $97.60. A trade above $99.50 we should hit out target of $102/103 shortly after. The immediate direction will likely be paved buy outside market influence i.e. equities and the […]

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Summer Doldrums

It does not take much in the way of volume to move markets in thin trade so be careful. Wind was taken from the bulls sales in Crude this week as prices traded down to seven month lows. August Crude is finding buyers at $90/barrel but that level will need to hold or prices could […]

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As Weather Cools Markets Heat Up

Commodity traders should pay attention to any extremes in weather, too much or too little precipitation, too much or to little heat…any extreme. Crude is approaching three week lows down nearly 2.50% today as of this post. In the last five weeks Crude has been a buy at these levels but past performance is not […]

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