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Futures/Commodities Commentaries

Showing Commentaries 1 - 15 out of 111 found.

Supply, Demand and Expectations - The Energy Report 07/22/16

Supply, Demand and Expectations - The Energy Report 07/22/16

Oil prices are testing key support levels as they try to balance supply versus demand and demand expectations. Supply seems to be speaking for itself as combined, all U.S. crude oil and refined product stocks are at 2.08 billion barrels, an all-time high. But demand is near all-time highs as well. The American Petroleum Institute reported record June gasoline consumption in the U.S. The API,...

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Crude Oil Stuck In Two Week Trading Range

Crude Oil Stuck In Two Week Trading Range

September Crude Oil grinded lower on Thursday, July 21, 2016 making a new low for the week at 44.52 but it was unable to get below the 44.42 low established on July 11th. Crude Oil is still in its 2 week trading range and it would take a close below 44.31 (the 21 WMA) to create a path to 41.64 (the 50 WMA), in my opinion. Support on the daily chart comes in at 44.26 (the 100 DMA) and then...

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Has the Convention Impacted the Markets? E-mini Technical Trading Levels

Has the Convention Impacted the Markets? E-mini Technical Trading Levels

SHORT-TERM (today and 5 days out) For Thursday, 2158.25 can contain selling into later next week, above which 2189.00 is expected over this time horizon. Upside today, 2175.25 can contain initial strength, while pushing (especially opening) above 2175.25 allows 2189.00 intraday, able to contain buying into later next week and the level to settle above for yielding the targeted 2228.25...

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Watch This resistance in Euro Stoxx 50

Watch This resistance in Euro Stoxx 50

We have been watching for lower highs and signs of downward continuation in European stock indices this summer. Consistent with our recent forecasts for the London FTSE and the German DAX, we also see a potentially bearish pattern developing in the Euro Stoxx 50 Index. The index includes 50 of the most liquid stocks throughout the Eurozone and comprises a majority of the market...

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Collect Premium: Play An E-Mini Strangle

Collect Premium: Play An E-Mini Strangle

The strong upside move in the equity markets has not slowed down this week. We continue to see new highs put in the market without much resistance. The S&P seems to still be embracing the low interest rate environment.  I’m not quite sure if there is anything out there right now that will keep a cap on the market over the next few weeks. I’ve stated previously that I think there will be...

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Russell 2000 Is Key to Next Wave Higher

Russell 2000 Is Key to Next Wave Higher

The Russell 2000 is testing key resistance and a move over this resistance zone is key to the next rally leg in the stock market.  Here’s what you need to know. Click here to watch a video explaining how to read markets using volume at price. The bias in the $RUT is bullish as it tests key upside resistance at 1205 – 1212.8.  A move above this zone is needed to fuel another leg higher in the...

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Profit Takes Coming in Gold?

Profit Takes Coming in Gold?

In the last positioning report given by the CFTC, longs in Gold pared positions by a scant 18,477 contracts last week. This leaves the market still somewhat overbought with non commercial and non reportables long 329,268 contracts entering this week. This obviously speaks to the lack of abandonment concerning the global economy on the safe haven trade. The Gold market has retreated somewhat...

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Don’t Buy Gold!.....Consider this Alternative First

Don’t Buy Gold!.....Consider this Alternative First

Investors Flocking to Gold in light of Negative Rates and Brexit could be getting to the party late. Here’s how to take advantage of higher prices without betting against the rally In case you haven’t noticed, if you’re an equities, currency or interest rate trader, you’re officially in uncharted waters. With roughly $12 trillion in global government debt now carrying negative yields,...

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Crude Oil Trading Levels - July and Beyond

Crude Oil Trading Levels - July and Beyond

SHORT-TERM (today 5 days out) Please note today’s letter begins September 2016 contract analysis. For Tuesday, both 46.09 and 45.14 can firmly contain intraday activity, beyond which the next notable level is expected intraday. Upside today, pushing/opening above 46.09 signals 46.57, able to contain strength into later week and below which long-term support in the 43.42-77 region is...

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Stocks Soar Amid World Chaos And US Conventions

Stocks Soar Amid World Chaos And US Conventions

S&P 500: Bring back those hazy, lazy, crazy days of summer. Please.   This time of year used to be called “the summer doldrums,” with everybody on vacation and the markets snoozing peacefully through the long afternoons, stumbling sleepily toward Labor Day. Not anymore. In the week just ended we had a coup — or perhaps an imitation of a coup — in Turkey; continuing discord and near-panic...

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Stocks Struggle for Gains: E-Mini Technical Trading Levels

Stocks Struggle for Gains: E-Mini Technical Trading Levels

SHORT-TERM (today and 5 days out) For Friday, both 2162.75 and 2146.00 can firmly contain intraday activity, beyond which the next notable level is expected intraday. Upside today, pushing/opening above 2162.75 signals 2178.00, able to contain session strength. Pushing through 2178.00 allows 2189.00 intraday, able to contain strength into later next week and the level to settle above for...

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Record Territory Again: E-Mini Technical Trading Levels

Record Territory Again: E-Mini Technical Trading Levels

SHORT-TERM (today and 5 days out) For Thursday, 2147.75 can contain initial strength, below which 2134.00 is expected intraday and able to contain session weakness. Breaking/opening below 2134.00 signals 2128.75, likely contain initial selling, yet below which the 2119.25-50 becomes an intraday target able to contain selling through July activity. Holding above the 2119.25 should yield...

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The Complete Collapse of Everything

The Complete Collapse of Everything

In a recent interview, prolific writer and former Wall Street analyst Michael Krieger of LibertyBlitzkrieg.com predicted not only a looming financial collapse, but the “complete collapse of everything.” Krieger outlined a world status quo that is under immense pressure and is on the brink of collapse economically, socially and politically. Although some see Brexit as a potential trigger for...

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Crude Oil Shorts May Panic

Crude Oil Shorts May Panic

Crude Oil grinded higher on Thursday, July 14, 2016 following the Equity markets as they continued making new highs. The rally in Crude Oil was weak however, forming another inside candle and Thursday’s range was the smallest since May 13th. The Crude Oil rally tested trendline resistance at 45.72 and wasn’t able to stay above it.  Today seemed to be a day traders sat back and waited for a...

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Markets at New Highs, Should We Be Concerned?

Markets at New Highs, Should We Be Concerned?

Only two weeks ago the entire world was bracing itself for another ’GFC’ style correction just after Brexit. At the time I encouraged those who were willing to go against the crowd to think contrarian and take advantage of correction style low prices and ‘Be greedy when others are fearful’ in a piece I wrote, ‘Brexit Is Now a Reality, Now What?’. The markets are now at a new high, so the...

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