Archive for the ‘Commidity Trading’ Category:
Is the move in Crude really over?
What a great move in crude oil today. It was enough for us to cover our short positions and bank almost $10,000 a contract in profits.
Watch this video and see how we did it.
Here’s the full AP story.
(AP:NEW YORK) Oil prices soared over $4 a barrel Wednesday, halting a dramatic two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren’t keeping Americans off the roads.
But energy market analysts offered mixed views on whether prices would swing back toward record levels above $147 a barrel hit earlier this month or if Wednesday’s big rally was just a temporary bump.
Light, sweet crude for September delivery jumped $4.58 cents to settle at $126.77 a barrel on the New York Mercantile Exchange, after earlier rising as high as $127.39. It was crude’s biggest one-day rally since July 10, when prices ended $5.60 higher. Oil closed $2.54 lower on Tuesday at $122.19 a barrel.
The Energy Information Administration said in its weekly inve ntory report that U.S. gasoline supplies fell by 3.5 million barrels last week. Analysts surveyed by energy research firm Platts expected gas supplies to increase by 400,000 barrels. U.S. crude stockpiles also fell by 100,000 barrels last week, less than the 1.3 million barrels analysts had predicted.
The report gave some traders reasons to believe that crude’s slide was overblown and that the drop in gas supplies mean prices have fallen enough to nudge Americans back onto the roads.
“It’s stopping the bearish momentum that we’ve seen over the last few days,” Phil Flynn, analyst at Alaron Trading Corp. in Chicago, said of the surprise decline in gas supplies.
But some analysts raised questions whether U.S. fuel demand was picking up. Tom Kloza, publisher and chief oil analyst of Oil Price Information Service in Wall, N.J., doubted that Americans are actually driving more, saying a seasonal bump in gas demand probably drew down supplies temporarily.
“It’s nonsense to say that this proves that people are back to their old driving habits,” Kloza said. “There just wasn’t enough enthusiasm to push prices lower. ”
Crude’s jump was boosted by word that Israeli Prime Minister Ehud Olmert will quit his post in September, an announcement that raised doubts about the future of U.S.-backed Middle East peace efforts in the oil-producing region.
Also supporting prices was a report by Goldman Sachs, which affirmed its earlier forecast that crude will hit $149 a barrel by the end of the year.
The investment bank called weakness in U.S. energy demand “transient rather than permanent,” saying the fundamentals of falling oil production and rising world energy consumption remain intact. Past forecasts for higher oil prices have caused jumps in prices as speculative buyers are drawn into the market.
Still, other analysts said oil’s recovery doesn’t mean prices are about to go higher again, but rather s hows that traders saw a short-term buying opportunity after Tuesday’s sell-off.
“I still expect to see further air being let out of this balloon,” said Stephen Schork, an analyst and trader in Villanova, Pa.
He noted that U.S. demand for energy is falling across most sectors. Inventories of distillates, which include heating oil and diesel, rose by 2.4 million barrels, more than the 1.8 million barrels expected, according to the EIA report.
And Americans continue to cut back on their driving to cope with almost $4-a-gallon pump prices. The average price of a regular gas fell 1.5 cents on Wednesday to $3.926, according to auto club AAA, the Oil Prices Information Service and Wright Express.
“We clearly have demand destruction,” Schork said.
Before Wednesday’s rebound, crude prices had dropped in seven of the last 10 sessions, and are down about 14 percent from their peak above $147 a barrel earlier this month. Prices remain about 60 per cent higher than at this time last year.
The dollar was stronger Wednesday against the euro, but the oil market seemed to be ignoring a trend that ordinarily would pressure prices. Investors buy commodities as a hedge against inflation and a weaker dollar but tend to sell when the American currency strengthens.
Oil also gained Tuesday’s announcement from Royal Dutch Shell PLC that it may not be able to fulfill some oil export contracts after Nigerian militants sabotaged a pipeline in the Niger Delta.
Militant attacks on Nigerian oil facilities have trimmed nearly one quarter of the country’s regular daily output. The strongest Nigerian militant group, the Movement for the Emancipation of the Niger Delta, said it sabotaged two pipelines early Monday in the southern oil-producing region.
In other Nymex trading, heating oil futures rose 5.08 cents to settle at $3.5203 a gallon while gasoline prices gained 12.74 cents to settle at $3.1351 a gallon . Natural gas futures rose 11.8 cents to settle at $9.248 per 1,000 cubic feet.
In London, September Brent crude rose $3.34 cents at $126.05 a barrel on the ICE Futures exchange.
2 New Short Videos - Recent Moves in Gold & Crude Oil
What a difference a day makes. The DOW up 277 points, gold dropping 10 dollars and crude oil under pressure and falling to its lowest levels in three weeks.
Amazing.
What should traders do?
Several months ago MarketClub correctly forecasted the up move in crude oil and indicated that it could potentially topple world equity markets.
They were right.
So what happens now … is the move in crude over? Is the downward tailspin in equities over or is it just a pause before new lows?
Adam just finished two new trading videos that take a fresh look at crude oil and gold. I believe that these videos offer an unbiased educational view of two markets that are front and center right now.
If you are concerned about what’s going on in the world then you really need to watch these videos. There is no need to register, plus you will learn some valuable trading lessons.
The first covers Gold and analyzed if it has topped out: Gold Move Over
The second looks into the recent moves in Crude: Crude Oil Topping
Enjoy the video!
Exciting New Alert Service Announced by MarketClub
Missing key market signals can spell disaster for your trades. Fortunately, you never have to miss a market signal again.
Now a revolutionary new technical tool, MarketClub Alerts, makes it easier than ever to catch market moves as they occur instead of after the fact.
Previously, this type of technology was available only to hedge fund kings with billions of dollars at their disposal. But not anymore. MarketClub Alerts now levels the playing field. It allows you to track your favorite markets in your portfolio as often as every ten minutes. Simply choose your Alert preferences and you’ll be notified via email on computer or smart phone, according to the criteria you set.
The SmartScan technology behind MarketClub Alerts is simple in principle, but it took some of the best programming brains in the business years to bring it to fruition. Every few seconds, our proprietary SmartScan technology springs into action and scans over 250,000 symbols. Stocks, futures, ETFs, mutual funds, forex, and precious metals…our proprietary technology scans them all. Then, according to your personal specifications, the Alert system computes your data and delivers it to your email inbox or smartphone. Whether you like to be notified every ten minutes, half hour, hour, daily, weekly, or only once, the Alerts delivers the information you need when you need it.
MarketClub gives you far more than just Alerts, however. Thousands of traders and investors depend on MarketClub every day. Members have full access to Trade Triangles, a proprietary technology that visually identifies clear entry and exit signals for potential positive trades. Membership also includes SmartScan, which allows traders to identify trend patterns on over 250,000 symbols. Members can also customize their own charts with over 23 well-known technical studies. There’s also the MarketClub Trader’s Blog, updated six days a week with cutting edge commentary, trading tips and techniques, and more. Trade School has online streaming seminars, and Data Central allows members to download historical data on over 250,00 symbols from 21 exchanges.
There’s a reason why MarketClub, whose membership includes thousands of individual traders and industry professionals from all over the world, is one of the fastest growing technical and educational services on the web for traders. No other web-based service gives you so much power for so little money.
Trying out MarketClub Alerts…along with all the benefits that MarketClub has to offer…is without risk for 30 days. If you try MarketClub and aren’t happy for any reason, simply call to cancel within 30 days for a total refund. I encourage you to go ahead and give it a try. I know you’ll be just as excited about this breakthrough technology as I am.
Watch the new video on the Alerts today
Wishing you trading success.
MarketClub Trial Extended 1 Day
Due to the high volume of requests, MarketClub will be EXTENDING the trial offer until June 24th 11:59pm eastern standard time.
I’ve been authorized to extend the offer to you.
Please take advantage of the trial as it only happens ONCE A YEAR!
Enjoy the Trial!
3 Markets That Will Change Everything In The Next 6 Months
Every once in a while there comes a time in the market when you get to see some amazing trading opportunities.
I believe this could be one of those times.
In this special private video, MarketClub analyze in detail the upcoming major moves in three major markets. This just maybe the most important video they have ever made on these three markets and I want you to see it.
Investor Superconference 2008 DVDs
Here’s the official notification that Options University now taking pre-orders for their Options University 2008 Investing and Trading Superconference DVD’s.
There’s just one small problem if you want to get your set of the DVD’s today…
Actually, there are two.
The first “issue” is that they’re only producing 100 sets –that’s it.
Why is that?
First, they’re limiting the number of DVD’s available, because they have a verbal agreement with the speakers not to flood the market with their valued secrets and techniques…
The second reason is, because they don’t want to encourage people NOT to come out to the Superconference in person — which is FAR more valuable to YOU as a learning experience.
There simply is NO substitute to coming to the Superconference.
But for those of you who couldn’t make it — here’s your next best option…
UPDATE — ONLY 44 SETS REMAINING!
Why not head there now to see if there’s still a set of DVD’s…
Trade Smart. Not Often.
2 Week Complimentary Trial: MarketClub
I am very pleased to announce that I have arranged for all Partner members to have a 2 week complimentary trial to INO’s premium MarketClub service. This is an exceptional offer that only comes around once a year!
Over the past 6 years, MarketClub has provided thousands of members with unique tools that have put them into triumphant trades, and gotten them out of losing ones. Stock, Futures, and Forex traders, from beginners to experts, get the edge they need to succeed from MarketClub.
Today you have the chance to join this unique and powerful service for 2 full weeks without spending a dime. They want you to have an inside look into the power of MarketClub for a full 2 weeks!
No payment info is needed for the trial, just your commitment to give MarketClub your focus and attention for the FULL 2 Weeks. If you enlist today, you will have the maximum time allotted to use and learn MarketClub. There are special bonuses at the end of the trial which are yours to keep regardless of whether
or not you decide to become a full member.
Adam Hewison and his team at MarketClub want to provide you with the best service possible and world class support. Phone, email, and live chat support are INCLUDED in the 2 week trial, so please take advantage today. I can’t imagine why every PARTNER member would not accept this generous offer.
Enjoy the trial.
Extra Kiplinger’s Bonus
If you read Kiplinger’s as much as I do then you would have seen MarketClub right on page 13. The results and tools talked about, I can personally attest to the quality and consistency. Here’s where it gets good:
Well I have an inside contact who gave me a code that gives you 2 bonus months…for nothing! The contact wants to keep his job, so please visit the link below while the bosses are away. So read Kiplinger’s then come back here and get your bonus. Why hunt for deals when I have them right here??
Can Crude Trade over 140?
**Crude hits highs…some traders rejoice**
The news of the day is that Crude futures are trading over 140. With prices not seeming to come back to earth anytime soon, is it really possible for Crude to hit 150 or higher?
This new video examines Crude price in great detail from the beginning of the year to the present. You’ll see where it’s been, how it got there (in great technical detail), and (most importantly) where it could end.
Please enjoy the video, and as always, you can watch it without registration.
Investor’s Superconference 2008
If you are from US and want to learn how to retire early, find financial security, and take the trading skills to the highest level possible… take a look at Investor’s Superconference 2008 at Orlando
- you will learn the skills for trading for a living, and discover know how to identify the right trading opportunities for me to get into!
- you will learn risk-reduced retirement strategies for extra income during retirement, how to retire early, and avoid ‘boomerang’ retirement. (The right strategies to use – not in theory, but ones that actually work in the real world!)
- you will learn the successful psychological traits that winning traders have in common, and how you can use these to improve your trading and bounce back faster from losing trades!
- And if something in the market should turn unfavorable towards your position, you want to be able to make intelligent changes on the fly that turn losing trades into winners. Or at the very least minimize your loss as much as possible!
- you are also going to learn insider tips, tricks, and techniques from true market experts, and ‘rub-elbows’ with some of the top names in trading.
