Archive | February, 2013

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Get a risk off trade

For the last 3 weeks Crude oil has been range bound trading in a $3 range which for this commodity is flat. Futures continue to wander on both sides of their 8 and 18 day MAs. These two levels serve as pivot points as I am slightly bullish above these pivot points and slightly bearish […]

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Bearish engulfing candle in the greenback

Energy: Crude oil was a slight gainer today picking up just shy of .50%. We will need to see prices to remain under $98 for me to remain bearish. It will take a settlement back under $96 in March futures for bears to re-emerge. Inside day in RBOB as the 8 day MA remains the […]

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Speculators to gain bearish exposure

YTD the S&P is higher by just better than 6% as futures have moved just under 100 points in the last 6 weeks. As I’ve pointed out almost on a daily basis as long as prices dance above the 9 day MA (on the daily chart) we could grind higher but my stance remains the […]

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See value gaining bullish exposure on dips

Energy: $95 has served as support in Crude oil of late and though that level was probed in early dealings buying came in to put prices $2 off those levels by the close. As of this post price are back above the 8 and 18 day MAs. If futures stay under $98 remain in bearish […]

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RBOB on the energy trader radar

In the last 3 weeks RBOB futures have appreciated 30 cents or 11% putting prices over $3/gallon. It appears that we are running into resistance at $3.05 on the March contract and I see limited upside before we have at least a moderate correction. Support is seen on the chart above at the 8 day […]

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Coffee squeezed out a profit today

Energy: Crude oil will finish lower 4 out of 5 sessions this week closing under its 8 and 18 day MA today. I think we would be down more if it was not for the strength in the distillates and the upward pull from Brent. I still think we can get a trade to $93 […]

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Crude oil 2-7-13

Crude oil prices below the pivot point

In the last 6 weeks Crude oil has appreciated H/L 13.7%. Prices did get within $2 of $100/barrel but fell shy and it appears prices are starting to roll over. I have voiced in recent sessions that we will need to trade under the 8 day MA for a signal that prices are headed south, […]

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Lighten up on bullish trade in soybeans

Energy: Crude finished under the 8 day MA and though the 18 day MA was probed the last 2 days it has held on a closing basis. I expect a trade under that pivot point would lead to more selling, that level is just above $96. The selling was short lived in RBOB as prices […]

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Letting a winner become a loser

In the last 2 ½ months the S&P has advanced 12% lifting prices to 5 year highs above 1500 in March futures. As one can see it has been a steady climb for all of 2013 as prices have been able to dance above the 9 day MA; identified by the red line in the […]

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