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  1. It's A Trader’s Market

    by
    MbWealthCorp
    on 07-14-2011 at 10:16 PM
    This is not your father’s market where investors can buy and hold. Cut losses and take profits…risk management is the name of the game. Three dollar trading ranges or $3,000 swings are now commonplace in Crude in a 24 hour period so this market can be humbling. It is a roller coaster ride but as we’ve voiced as long as futures hold $94/barrel we like being long. We remain cautiously bullish for clients with a target of $102/103. Natural gas will close negative but nearly 15 cents off their lows. ...
    Categories
    ‎ Gold Trading , ‎ Oil
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  2. Dollar down should = Commodities Up

    by
    MbWealthCorp
    on 07-13-2011 at 08:48 PM
    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 dollar. We’re suggesting buying dips and bullish exposure NOT selling rallies and bearish exposure. Day four of the natural gas acceleration as a rounding bottom is left in the rear view mirror all it ...
    Categories
    ‎ Gold Trading , ‎ Oil
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  3. Weak Non Farm Payrolls Figure Moves The Markets

    by
    MbWealthCorp
    on 07-08-2011 at 11:15 PM
    A curve ball with NFP today…unemployment reaching a reported 9.2% and adding 20% of the anticipated jobs last month whipsaws markets today. Crude gave back the previous two days gains down 2.4% as of this post. We did not see this type of move to end the week but we still finished higher now for the second week running and though the wind was taken from bulls sails we are still friendly and anticipate higher ground. Energy traders may just need to deal with increased volatility when trading Crude, ...
    Categories
    ‎ Oil
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  4. Out of Treasuries into Commodities and Stocks

    by
    MbWealthCorp
    on 07-07-2011 at 10:34 PM
    Crude powers through the 40 day MA closing at three week highs just under $99/barrel in August. We maintain a $103 target and continuing at the current up pace prices should reach that level by this time next week. The 2% surge in Crude was dwarfed by the strength in the distillates with RBOB higher by 4% and heating oil higher by 4.4%…talk about the tail wagging the dog. Natural gas lost just over 1% after trading at four month lows on what we view as an overreaction to today’s’ AGA. Note prices ...
    Categories
    ‎ Oil
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  5. Will Commodities Follow Faltering Stocks?

    by
    MbWealthCorp
    on 07-06-2011 at 09:53 PM
    August Crude has advanced nearly $7/barrel in just over the last week but the next hurdle will be the 40 day MA at $98. On a settlement above $98 we see little in the way of resistance until $102. The resiliency in the distillates should keep Crude moving higher in the short run…in my opinion. Natural gas closed lower by 3% today near its lowest level in one week. As long as $4.18 holds on a closing basis in August we still suggest bullish exposure. Our favored play with clients has been purchasing ...
    Categories
    ‎ Oil
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