Since putting in an interim top on 12/27 just below $101/barrel WTI futures have retraced losing almost $10/barrel.
Crude Oil Holding Support
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As Weather Abates, Will Natural Gas Respond?
I’ve pointed this out several times in recent weeks but a sleeping giant was awoken 9 weeks ago.
The Cable. Low Volatility. Where from Here?
The British Pound was a FX standout in the second half of 13′ appreciating from under $1.50 to close out the year near $1.6600 a gain of 10% in Q3 and Q4.
Coffee Getting Support from the Funds
As of this post coffee prices are higher by 4.44% with prices approaching previous resistance just below the 50 day MA that was challenged last week
Soybean Oil – Seasonality and Technicals Deliver Same Message
Since petering out in late August soybean oil futures have lost approximately 11%.
Gasoline Held the 50-Day MA, and from Here…
February RBOB futures appreciated 1.85% yesterday and have gained in the last three sessions after finding support at the 50 day MA; the green line that acted as support as seen in the daily chart.
Disjointed Market ? Where Are Flows Going?
Equities and 30-yr bonds are far from the only two asset classes as investors have several other choices when allocating capital, but I want to touch on these two sectors as their movements should not be ignored when making your investment decisions.
Ags on the Move ? Breaching Trend Lines
Having been a proponent of bullish grain plays for several weeks now, I?m happy to see new crop wheat and corn on the verge of breaking above significant downtrend lines.
Daily Corn: When Are Delays a Good Thing?
New crop corn is slow to get in the ground this year. That could mean higher prices, in my eyes.
Daily S&P ? A Correction Looming
?ve suggested before, long stock portfolios should seriously consider hedging a meaningful portion of it with short exposure. If the correction does not happen you simply spent 3-7% of your portfolio?s assets on insurance and avoided any potential calamity.
Gold & Silver ? Not as Precious as Last Week
To say that ?serious damage? has been done to the metals complex? well, that?s the understatement of the year!
Daily Canadian Dollar- North of the Border
The Canadian dollar has made strides in the last six weeks. After bouncing off support at 0.9650, we?ve now retraced 38.2% of the downtrend that began last September.