Just a heads up…March Crude expires today. April (J) is Front Month. We’ll have to see how much of this rally in Oil is delivery related. Natgas expires 2/27/17
After a quiet weekend with the U.S. Indices trading higher, London came in with a Risk On bias buying Dollars, selling Treasuries and precious metals. Oil has traded above its recent range to test the DEC 16/16 high @ 54.51. … Continue reading
Daily Market Intelligence 2-9-17
Soybeans… OIL…hit its first downside objective last night. Now that all those that were Bullish are now bearish I’d look for everyone to get screwed. 52 will continue to be pivotal. Equity/Bond spreads tell me the lowest risk place to … Continue reading
Daily Market Intelligence 2-8-17
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