Archive | April, 2013

Grain markets got creamed

CBOT wheat prices peaked in early November of last year. Since then prices have lost over $2 a bushel. “Meh – what’s $2 a bushel,” you ask!? How about $10,000 per futures contract! That’s a pretty big move; especially considering you can trade wheat with a margin commitment of just over $3,000 per contract. Of […]

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Crude oil finds an Interim Top?

Crude oil has gained $8/barrel in the last month, putting it just a few dollars shy of $100. My stance: the easy money has already been made in bullish trade. Prices moved quickly from oversold to overbought territory as Stochastics shows in the chart below. I think we’re in the process of establishing an interim […]

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Buy new crop wheat

Energy: After five positive sessions Crude oil finished in the red today but it was not a one way trade as the trading range was nearly $2. I started advising clients today to work into bearish trade thinking we see prices $3-5 lower in the coming weeks. The heating oil/RBOB spread mentioned in previous weeks […]

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