TraderPlanet.com :: Commentaries tagged (live-cattle)

Building on Strength 2/7/11

mbwealth, TraderPlanet.com — Tue, 07 Feb 2012 20:55:37 +0000

Metals, stocks and even foreign currencies continue to build on strength as 2012 has virtually been a one way trade...will this continue?

Crude oil erased the previous week's losses adding 1.9% today but failed to close above $99 in March. I view that level as the pivot point so I remain bearish still. Be willing to cut loses on any shorts if prices trade through that level in the coming sessions. Natural gas continues to bounce around and I would suggest no long or short trades until we get ...

Read More at TraderPlanet.com »

Upbeat Expectations 2/3/12

mbwealth, TraderPlanet.com — Fri, 03 Feb 2012 22:32:17 +0000

A positive jobs number and things heating up in Iran and Crude is back on the move advancing 1.5% today. We may see a bounce but until we see a trade back over $99 I still am thinking prices have more downward pressure. My target in March is a trade closer to $93-94 in the coming weeks.

What is disturbing though is the disparity between the Crude daily chart and the distillates as Crude is on the lower end of the recent trading range while heating oil and RBOB are breaking out to new highs. I...

Read More at TraderPlanet.com »

Prepare for NFP 2/2/12

mbwealth, TraderPlanet.com — Thu, 02 Feb 2012 21:55:59 +0000

I think the number is fabricated but nonetheless it is market mover so prepare for tomorrow's jobs number.

As of this post Crude is lower by 1% about in the middle of today's range trading lower for the seventh consecutive day. I think we see an additional $3-4 retracement before we run into serious support. If that assumption is correct expect heating oil and RBOB to lose 10-15 cents. Hello volatility...with 7% moves on a daily basis up and down I no longer have the stomach for natural gas. ...

Read More at TraderPlanet.com »

Not the End 2/1/12

mbwealth, TraderPlanet.com — Wed, 01 Feb 2012 21:22:17 +0000

With a more positive outlook domestically and abroad expect commodities that had previously factored in a more dire picture to get back losses from late 2011.

Today makes it five days in row with Crude down just over 1% as of this post trading at six week lows. A close below $98.30 in March should signal lower ground. $99 should cap further upside and I could see prices drifting back under $94 in the coming weeks. Both RBOB and heating oil are having trouble keeping their heads above water as...

Read More at TraderPlanet.com »

More Quantitative Easing 1/26/12

mbwealth, TraderPlanet.com — Thu, 26 Jan 2012 21:17:59 +0000

With the Fed hinting at more quantitative easing do not expect commodities to get inexpensive any time soon.

Crude oil has made a higher high now for the last three sessions and on a close back above $100 traders could start scaling back into longs. I see support at $99 followed by $97 in March contracts.

Natural gas did trade lower today but if you notice the 9 day MA is holding as support. Traders can scale into longs with stops just below that level. It comes in at $2.56 in March.

Stocks w...

Read More at TraderPlanet.com »

Turning Point 1/24/12

mbwealth, TraderPlanet.com — Tue, 24 Jan 2012 22:08:15 +0000

Turing point...not today and probably not tomorrow but I would expect the equity market to give back its recent gains in the very near future. What that likely means is money out of stocks and into Treasuries and commodities...just an opinion. Crude remains in no man's land as prices could go either way in my opinion. My bias is leaning to the bullish side but I would prefer to be buyer on breaks. For instance I see solid support in March just under $94/barrel so long entries closer to that l...

Read More at TraderPlanet.com »

Looking Ahead 1/23/12

mbwealth, TraderPlanet.com — Mon, 23 Jan 2012 21:06:24 +0000

Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices reversed finishing 1.65% higher today. $1oo appears to be a magnet for pricing and until we get $3-4 north or south of that level expect sideways action to continue. I do not feel comfortable trading either side currently. A 9% appreciation in natural gas a...

Read More at TraderPlanet.com »

Protected: The Line in the Sand January 23, 2012

mbwealth, TraderPlanet.com — Sun, 22 Jan 2012 17:38:46 +0000

This post is password protected. To view it please enter your password below:

Password:

Read More at TraderPlanet.com »

A Straight Lineâ€¦ 1/19/12

mbwealth, TraderPlanet.com — Thu, 19 Jan 2012 22:15:28 +0000

Nothing included markets move in a straight line...stocks will not move higher in a straight line nor will natural gas move lower...all things must come to an end.

I am still in a holding pattern waiting for direction in Crude oil. We're still experiencing a tug of war in the distillates as RBOB was lower today and heating oil was higher...the reverse of previous sessions.

Natural gas was lower by 7% today making it 21% already in 2012..a rocky start! The reality is I still do not see signs ...

Read More at TraderPlanet.com »