matthew bradbard

Major light has been shed on the multi-decade and record highs in commodities of late…I smell a correction as when most media outlets are reporting on a commodity it is too late. Crude made a lower high and lower low trading below $74 in the November contract today on a bearish inventory report....

In the last three days Crude oil has advanced nearly 6% lifting prices back above the 100 day MA. We missed this most recent move with clients and being we only see an additional $2-4 upside we would not suggest getting on the train at these levels. Pullbacks should find buyers between $79.50-80.00...

If the dollar is moving south and the indices are moving north that is conducive for commodities to trend higher. Crude is above the trend line mentioned in yesterday’s blog higher by over 3% in today’s session. Not to mention a bullish engulfing candle on the daily chart so yes folks it looks like...

To me virtually everything is trading of the indices so look to the equity market for guidance and positioning. Crude was higher but I’m not convinced the damage is done just yet. If the 9 day crosses the 20 day which would mean prices would be $1 higher in futures I will likely get clients...

Crude and the distillates were off today but as long as the 9 day MA holds on these three markets we will advise clients to stay long. As we’ve said in recent posts we’re expecting more upside in the immediate future. Our target in July oil is $76.60, $79 and then $81.50. We’re advising clients to...

Based on the market action investors are piling back in with commodities and indices fighting for leadership. This may not be the bottom of either but certainly a tradable rally. Energies higher across the board by 3-4%. Clients are long oil, RBOB, heating oil and we will be looking to buy natural...

Oil gained virtually 4% today and is $4 off its lows yesterday. As soon as we get thru the 9 day MA we expect to see more buying; that level is just above today’s high. From here we see a grind higher to $76/barrel. That being said we expect heating oil and RBOB to trade higher. Our first...

The markets have relaxed but as investors you must not. There will be wild gyrations in the weeks to come so start thinking long and hard about how you want to be positioned. At the moment, $69 appears to be the line in the sand on front month Crude oil; July as of this post is at $70.20....

This is it for the week as we will be in Iowa tomorrow on business. Crude has been lower 11 out of the last 13 sessions but we feel that just as quick as prices came down they could snap back. Think of this move as a stretched rubber band that in our opinion is about to snap. That being said, we’...

Perhaps you remember Mr. Miaggi “wax on…wax off” well this is a bit different but the theme of late appears to be whether investors want risk on or off. It looks to me like oil is trying to carve out a bottom…yes this is a gutsy trade because we’re suggesting catching a falling knife but being that...