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Brent WTI Crude oil Spread

Brent/WTI Crude oil Spread

Buying Brent and selling WTI Crude oil is what will be discussed today. In the September contract this spread is currently trading with Brent carrying a $2.65 premium. Just one week ago we were trading even money in this spread. Every $1 move equates to a $1,000 gain/loss. I’m operating under the influence that we […]

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Japanese Yen Futures

Japanese Yen – From par to $1.0350…

For the last two weeks the Yen has been range bound dancing on both sides of par (1.0000). Futures as of this post are consolidating around all the major MAs I use in my FX trading as seen on the daily chart below. My interpretation is we are taking a breath before jumping higher in […]

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Canadian Dollar Futures - CAD - Loonie

CAD – The Loonie has a Broken Wing

I hate to date myself here but as a young man I was very fond of the video game duck hunt- a “classic” shooting game for the first version of Nintendo. Just as those birds fell from the sky I think the Loonie short term is headed south. Most followers are aware I have been […]

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Coffee Futures, July 23, 2013

Coffee –A cup of Joe for your Portfolio

Drinking too much coffee can surely cause an upset stomach and having too large of a position and being on the wrong side of the market of late likely could end in the same result. In recent sessions it’s been like the Wild West with a range H/L of over 12 cents in 2 sessions […]

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Gold futures chart

Gold – A Final Push or Just the Beginning?

Since bottoming on 6/28 at $1179.40 August gold futures have advanced 12.5% approximately $150/ounce. As of this post a decisive move through $1300 higher by 2.88% today. One can see on the chart below the horizontal line just below $1300 that had served as resistance now shall serve as support. In three short weeks future […]

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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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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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