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Energy & Commodities

Wednesday Report…Basic Materials and Commodities

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Posted by Rambus Chartology

on Friday, 21 July 2017 06:41

Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commodities have had a tough go of it since they topped out in 2011, but there are some signs that they may be bottoming, which could lead to a substantial rally over the intermediate to the long term. As you will see some of the bottoming formations are very symmetrical while others are pretty ugly, but as long as they can make a higher high and higher low an uptrend is in place.

Lets start with the CRB index which built out a one year bearish rising wedge formation that broke to the downside in March of this year. The price action has been chopping to the downside and has gotten a bounce to the upside in late June. Normally the price objective of a rising wedge is down to the first reversal point where the pattern started to build out.

crb-day-1

 

There is another pattern I’ve been keeping a close eye on which may have given us a good clue today that we may have a consolidation pattern building out which is forming above the January 2016 low. As you can see on this long term daily chart for the CRB index it has built out a sideways trading range which broke to the downside last month, which wasn’t a bullish development if one was bullish on this index.

....continue reading this comphrehensive report HERE



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Energy & Commodities

Oil Jumps After US Inventory Surprise

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Posted by Scott Disavino

on Wednesday, 19 July 2017 11:11

oilrig

Oil prices jumped almost 1.5 per cent on Wednesday, extending gains after a U.S. government report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.

The Energy Information Administration (EIA) said U.S. crude stocks fell 4.7 million barrels during the week ended July 14. , exceeding estimates for... CLICK HERE for the complete article



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Energy & Commodities

Momentum Reversal Method Strikes Again with MOBL

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Posted by Chris Vermeulen - The Gold & Oil Guyen - The Gold & Oil Guy

on Monday, 17 July 2017 06:33

UnknownIn early May, 2017, we alerted our follwers to a trading opportunity that resulted in a nearly perfect Momentum Reversal Method (MRM) setup – this trade was MOBL (Mobileiron Inc). Now that the trade has completed, we wanted to share with you an example of how the MRM trading strategy works and how successful some of these setups can become. But first, lets take a bit of time to understand what ActiveTradingPartners.com is and how we provide benefit and services to our clients.

ActiveTradingPartners.com is a research and analytics firm that specialized in US Equities, ETFs and major Commodities analysis. Our objective is to continually provide updated research and analytics for our members as well as to actively deploy our specialized Momentum Reversal Method (MRM) trading strategy for our members use and benefit. As many of you may remember, on June 11 2017, we posted our research that the “NASDAQ would sell off” and the “VIX would SPIKE” on or near June 29th, 2017. How many of you would have loved to know that we predicted a 6% swing in the NASDAQ and a 52% swing in the VIX two weeks in advance on the EXACT DAY it happened?

What we are trying to illustrate to you is that we attempt to provide value beyond our trading signals and beyond our daily updates. We attempt to keep you aware of what is likely to happen in the global markets and how these swings can be advantageous for you as traders/investors. So, before we get sidetracked on the extras we provide, lets focus on this MOBL trade.

MOBL began to appear on our MRM alerts in early April 2017. As with many of the MRM type of setups, they begin can sometimes start to alert us to setups days or weeks in advance of the actual move. In this case, classic technical and Fibonacci analysis assisted in confirming our MRM trigger. The MRM setup was valid and we simply wanted to watch the MRM setup for signs of price volume/rotation. We often use this price/volume rotation trigger as a means of setting up entry functions for pending MRM triggers.

In early May 2017, the price/volume rotation trigger was complete and now we had a valid entry into MOBL with projected targets of $5.45 and $6.25. Our analysts identify the targets based on recent price action, where our entry is located and current price/volume rotation levels. In other words, if we believe the move will be short-term, then we will adjust our targets to focus on immediate objectives. If we believe the move will be a bit longer-term, then we will adjust our targets to focus on that objective.

Just to be clear, everything originates from the MRM trigger. We may see 20 or 30 of these triggers each week. From there, price confirmation MUST occur or have already happened in order for it to be considered for our ATP members. Additionally, we attempt to gauge the overall global markets in terms of risk parameters for each MRM setup/trigger. If the US majors or global markets are weak and fearful, then we'll address that risk by being more selective of our MRM triggers and setups. If our analysts believe the US and global markets are going to continue to trend, then we may widen our risk parameters a bit more.

On May 11th, 2017, we issued a BUY Swing Trade Alert for MOBL @ $4.65 for a FULL Position. This exact alert read as follows:



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Energy & Commodities

2 Oil Stocks from the Motley Fool

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Posted by Motley Fool

on Friday, 14 July 2017 10:40

oilhands

A couple of articles at the Motley Fool caught our eye today. One discussing the potential upside of oilsands behemoth Cenovus Energy, the other the volatile rollcoaster that is Crescent Energy. Interesting to read at the same time:

Cenovus Divestitures on the Horizon: Time to Buy? by Joey Frenette

Can Crescent Point's Share Price Double? by Kay Ng



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Energy & Commodities

Wheat Investors Feast

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Posted by Joe Chidley

on Thursday, 13 July 2017 11:48

wheatfeast

Bread, it is said, is the staff of life. Or at least it was, before beating up on gluten became all the rage. But whatever your dietary choices, if you’d been investing in bread — or, more precisely, the stuff that goes into it — over the past few weeks, you’d be feasting on a pretty satisfying repast right now.

Prices for wheat futures have been soaring. In little more than a week after June 27, July futures at the Chicago Board of Trade (the most liquid wheat derivatives market in the world) rose about... CLICK HERE for the complete article



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