Sloppy Action 11/22/11
Light volume and a holiday week so do not read to much into the action this week. As we’ve stated for the last few weeks we’re expecting more downside in the immediate future and welcome rallies as selling...
Read MoreAuthor: Matthew Bradbard
Further Downside 11/21/11
Most commodities and stocks have traded lower in recent sessions and we feel there is more to come…trade accordingly. From here we see support at the 18 day MA at $96.20 with resistance at the 9 day MA at $98.50 in...
Read MoreIs the System Flawed 11/18/11
The longer this despicable situation goes unresolved with MF Global the larger effect we see on the commodities market and overall financial system. We hope to see a resolution in the coming weeks. Crude is roughly $5 off its...
Read MoreCorrections Underway 11/17/11
Stocks and commodities got hit today and there should be more to follow. Stocks, energies , Ag even metals were not spared as Risk OFF was the theme today. Crude failed to make it to higher ground as prices were rejected and the...
Read MorePressure on the Horizon 11/16/11
Stocks and commodities should come under pressure as we see lower trade across the board. The only aberration is oil which I remain puzzled on. Crude traded to a six month high closing above $101/barrel. I cannot find any...
Read MoreA Rising tide lifts all Boats 11/15/11
It appears the lack of fresh bearish news is viewed as a positive as most markets finish in the green today. Crude has yet to take out the $100 level though prices are within spitting distance. We have advised clients to take...
Read MoreManaging the Trade 11/14/11
There is nothing super bullish or bearish that jumps out at me it has just been about managing your trades. January Crude got within 50 cents of $100 but failed to clear that hurdle today. As of this post Crude is lower by .65%...
Read More11/11/11 MF Global’s Disaster
11-11-11 is this a lucky day More so than luck how about some justice..I’ll feel a lot better when steps are taken to make MF Global clients whole and the sanctity of the commodities industry is repaired. Regulators and...
Read MoreCommodity Update 11/10/11
Crude continues to work higher…my suggestion is cover shorts until there is evidence of a top. Are prices to high…yes but we could advance $3-5 more and we’ve had enough pain. The weakness in RBOB has been...
Read MoreRisk OFF 11/9/11
Out of stocks and commodities and back into dollars and Treasuries…will it last A true tug of war in Crude today as outside market influence should have dragged oil lower today but EIA data and continued unrest in the...
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