Commodity Trading Today Blog

Crude Oil Moves Above $81

Fri, 23 Oct 2009 13:14:37 GMT

Continuing the recent strong performance, crude oil futures in New York have surged past $81 a barrel. Nymex light, sweet crude futures rose 23 cents to $81.42, while ICE Brent in London moved 24 cents higher to $79.75. This is a high for US light,crude in 2009 and shows how the markets are growing ever more confident with further indications of economic recovery now apparent. The latest event was the release of data pointing to ever stronger economic growth in China, increasingly regarded as the engine that will pull the global economy out of recession. Add in encouraging financial results from notable US companies such as McDonald's, and a weakening US dollar and the commodity markets are inevitably going to look bullish. The question is whether or not this is a blip and we could see a second slowdown, or whether it represents a sustainable recovery?

Crude Oil Hits 2009 High

Mon, 19 Oct 2009 20:46:09 GMT

US light, sweet crude hit $79 a barrel today, continuing its strong surge on the back of a collapsing US dollar, growing optimism of a global economic recovery and good results from US companies. The price of crude oil is now almost double its March 2009 low, breaking through $79 before falling back later to $78.23 in New York. Meanwhile, in London ICE Brent fell back to $77.96 a barrel. These movements for crude oil seem strange considering the US still has relatively high stockpiles in its strategic reserve. As we look further out, what is likely to happen? Some analysts reckon this recent price surge is based on optimism rather than solid fundamentals, because there is still spare capacity and refiners' margins are low, while stocks of heating oil and diesel are in surplus. Other commodities also continue to move up strongly, with copper surging 4 today, while gold is touching $1,061 a Troy ounce, with many analysts predicting the yellow metal will reach $2,000 before long. With ballooning US deficits and a debt burden growing towards $12 trillion, the scenario is set for a much lower US dollar and strengthening commodity prices, including crude oil, gold, softs and the industrial metals like copper.

Find an Online Options Broker, Plan Your Options Trading Strategy

Mon, 28 Sep 2009 21:49:00 GMT

Key points when choosing an Online Options Broker, technology platform, margin rules, forex options, educational support, market exposure

Currency and Commodity Trading, Trading Currencies for Commodities

Thu, 10 Sep 2009 10:41:43 GMT

Looks at currency and commodity trading, how traders use commodity currencies as proxy for crude oil and gold

Learning to Trade Commodities, Choose a Commodity Trading Course

Mon, 31 Aug 2009 13:40:30 GMT

Guide to learning to trade commodities, what to expect in a commodity trading course

NMCE India, Agricultural Commodity Trading Growth

Mon, 29 Jun 2009 15:05:58 GMT

NMCE India is a major Indian commodity exchange, looks at futures market, spot trading, agricultural commodities including rice and coffee

How to Swing Trade Aggressively with Options

Wed, 25 Mar 2009 16:01:49 GMT

Here is a novel way of looking at Swing Trading with Options by Carley Garner. Being privy to the options and futures markets along with trial

Could $80 Oil Hit US Economy?

Wed, 11 Mar 2009 17:24:12 GMT

With a collapse in global economic growth, crude oil (NYME_CL)prices have fallen dramatically from the heady heights of July 2008. But now the

Crude Oil Falls 7 On Economic Concerns

Tue, 17 Feb 2009 23:56:26 GMT

While President Obama signed off the $787 billion stimulus package, economic concerns weighed on crude oil prices which fell almost 7 on

Can CRB Index Predict Inflation and Deflation?

Fri, 06 Feb 2009 16:25:16 GMT

The CRB index or indicator was established in 1957 and seems to have accurately forecasted every surge in the deflation and inflation cycles ever

Introduction to Option Selling, Opportunities and Pitfalls

Fri, 30 Jan 2009 13:57:44 GMT

Option trading offers traders an unlimited number of strategies with various levels of risk and reward. Unfortunately, many retail traders are

How to Trade EURUSD Forex And Reduce Stress Levels

Thu, 29 Jan 2009 12:41:35 GMT

Lets look closely at the Euro and Dollar (EURUSD) relationship in the forex markets, the largest in the world, worth trillions daily and which

Wall Street's Commodity Conundrum

Mon, 26 Jan 2009 14:25:36 GMT

Commodity Talent LLC issues White Paper on Wall Streets Commodity Conundrum NEW YORK, NY January, 2009 Commodity Talent LLC, an executive search

What Are Super-Contango Oil Profits?

Sat, 24 Jan 2009 19:54:26 GMT

Normally the futures price of a commodity a few months out is higher than the current spot price and the difference is called contango. After

Is Gold The Antidote to Economic Crisis Fallout?

Wed, 21 Jan 2009 21:31:00 GMT

The question often asked is whether investing in gold is an antidote to this mega economic crisis which is gripping the global economy. In fact had

LME Aluminium price falls as inventories surge to record

Tue, 20 Jan 2009 00:11:20 GMT

A surge in aluminium inventories to over 2.53 million tonnes sees the metal price fall to reach a September 2003 low. On the LME, primary

Video on Diversifying Commodity Futures Trading Exposure

Thu, 15 Jan 2009 16:00:28 GMT

I have just watched an excellent video showing the benefit of diversifying your commodity futures trading exposure, using Market Clubs Trade

Watch This EUR USD Forex Video Analysis

Tue, 13 Jan 2009 23:19:28 GMT

While you focus on trading commodity futures, maybe Forex is what your portfolio is missing. Trading crude oil exposes you to a big market, but

Outlook for Arabica Coffee Futures in 2009

Mon, 12 Jan 2009 23:49:49 GMT

So where can we expect ICE Arabica coffee futures to move over 2009, given that last year saw an 18 per cent fall in prices due in large part to

Top Secret for Successful Commodity Trading

Mon, 12 Jan 2009 16:32:03 GMT

Probably the biggest secret for achieving success in commodity trading is discipline. And the biggest hurdle the commodity trader faces and must

Tell Me About The American Petroleum Institute

Mon, 12 Jan 2009 14:28:14 GMT

The American Petroleum Institute (or API) is a US trade group which represents the oil and natural gas industry. Members of API can range from

Remember, trade the market, not the economy

Fri, 09 Jan 2009 20:09:06 GMT

So what do we mean when we say... trade the market and not the economy? Aren't these just two sides of the same coin? We'll in fact in more

Traders Whiteboard, Use A Trendline Approach

Tue, 06 Jan 2009 15:17:04 GMT

Adam Hewison of INO.com has released a very helpful trading video on the trendline approach on the traders whiteboard. By using a simple

How to connect the market dots in 2009 Video

Mon, 05 Jan 2009 12:40:24 GMT

One of the easiest ways to determine the trend in new year is to simply connect the dots. In this five minute video, I explain how you can

Trade ICE Cocoa Futures, Exciting Soft Commodity

Sun, 04 Jan 2009 21:10:29 GMT

Details Ice Cocoa Futures contract, looks at deliverable cocoa bean grades on ICE Futures US for this exciting soft commodity

Cocoa Commodity Trading, Soft Commodities Markets

Thu, 01 Jan 2009 00:33:32 GMT

Looks at cocoa commodity trading, world cocoa production and demand, harvesting and quality grades of cocoa such as Forastero and Criollo

Dalian Commodity Exchange, Emerging Agricultural Futures Market

Fri, 19 Dec 2008 15:34:21 GMT

About Dalian Commodity Exchange, a fast growing commodity futures exchange in China focusing on non-gmo soybean, corn and palm oil and other agricultural commodities

Gold In Backwardation, Gold Bullion As Money

Wed, 17 Dec 2008 16:44:01 GMT

Looks at gold in backwardation, the link between comex gold futures and spot gold bullion prices, and possible implications for the paper monetary system

Gold Exchange Traded Fund, Liquid Exposure to Gold

Mon, 15 Dec 2008 14:53:11 GMT

Using a gold exchange traded fund such as spdr gold shares or gold bullion securities for commodity traders or investors to gain exposure to the liquid gold market

Supply of Gold Dynamics, Gold Mining Production

Sat, 13 Dec 2008 21:13:44 GMT

Look at supply of gold dynamics, sources such as gold mining production, central bank sales of gold bullion and recycling the yellow metal from industrial applications

Investing In Gold, A Hedge Against Inflation

Fri, 12 Dec 2008 00:14:52 GMT

Reasons for investing in gold, including a hedge against inflation and the US dollar, using gold bullion and other instruments

Connecting The Dots, Detemine Market Trend

Fri, 05 Dec 2008 17:01:50 GMT

One of the easiest ways to determine the trend in any market is simply to connect the dot's. Let me share with you this five minute video by Adam Hewison of INO.com, where you will see how you can connect the dots in any market to determine its trend. See three examples of connecting the dots...

How to determine a downtrend

How to determine an uptrend

How to determine when a market is making a change of direction

One of the key components to look for is how a market closes on a Friday or the last trading day of the week. This is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week. Adam learned this trading secret on the floor of the Chicago exchange and it is one I would like to share with you today. I feel that this technique has a lot of validity, particularly in light of today's volatile markets. Enjoy the Video! William Davies

How Low Can The Dow Go?

Fri, 21 Nov 2008 14:48:39 GMT

Make no mistake about it, the market action on Wednesday (November 19th) was extremely negative for all of the indices that we track. The close below 8,000 on the DOW can only be described as negative, indicating further weakness to the downside. I am looking for this index to trade down to around the 6600-6700 level. Looking at the charts using our "Trade Triangle" technology, it is clear that the Dow has been under pressure since our first major sell signal at 11,290. I see no reason to alter this stand, as I believe the trend will continue to be on the downside, with further weakness in the weeks and months to come. Here are the three choices you have as an investor:

You can go long a market

You can go short a market

You can move into cash

I'm often amused when I see people buying "defensive stocks." Why not get out of the market entirely when it's going down. Doesn't that make more sense to everyone? However, most brokers want you to stay in the market at all times fearing that they will miss a bottom. The key in trading is not to get out at the top, or in at the bottom. An investor's goal should be to capture 70 of a move. The middle is the sweet spot, and if you make enough in the middle then who cares about the tops and bottoms. Check out my new video and see exactly where we got out of the indexes and were we see the market headed right now... Enjoy the video! William Davies

Crude Oil Below $50 A Barrel

Thu, 20 Nov 2008 19:10:39 GMT

Crude oil has fallen below $50 for the first time since May 2005. Persistent worries about a world recession and a fall in global oil consumption are the main drivers. Earlier today NYMEX West Texas Intermediate light, sweet crude oil futures fell to $49.76. While on ICE Futures Europe in London, Brent Crude dropped to $48.92 a barrel. The US which consumes a quarter of world oil production has seen a significant fall in imports. From 10.1 million barrels a day in September 2007, one year on US oil imports are 8.4 million barrels a day, a fall of 16.5. To reinforce this fall in demand, the Energy Information Administration said US stocks of crude oil surged by 1.6 m barrels last week, twice the amount expected. Compared to its high point in July 2008 of $147, the price of crude oil has now fallen by two thirds. And significantly OPEC has a crucial meeting on 29 November in Cairo, when a decision will be made whether or not to cut output again. In October the oil cartel announced a cut of 1.5 millon barrels a day.

About Us at Commodity Trading Today, Contribute Your Articles

Tue, 18 Nov 2008 13:32:24 GMT

About us and our guest contributors and how you can contribute your articles to Commodity Trading Today

OPEC No To Crude Oil Output Cuts in Cairo

Mon, 17 Nov 2008 14:56:10 GMT

Crude oil prices fall again as OPEC suggests there are no plans for further production cuts at its 29 December meeting in Cairo. With a weakening global economy taking its toll on demand for crude oil, many commentators had expected more production cuts from the major oil producers. The oil cartel cut 1.5 million barrels a day from oil production in October but this move has not stopped the continual decline in the price of crude. From a high in July of $147, crude oil has fallen by around 60, and is now moving in a range between $50 and $60. Earlier today Nymex West Texas Intermediate light, sweet crude futures were trading at just under $56 a barrel, while Brent crude in London fell to $53.74. While Iran, a major global oil producer, has called for cuts of up to 1.5 million barrels a day, Opec President Dr Chalib Khelil has poured cold water on the idea.

A Plan To Save The World?

Thu, 13 Nov 2008 13:03:08 GMT

Part two, or is it three? When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan "C" (or is it "D") to relieve pressure on consumer credit, scrapping his earlier effort to buy the value mortgage assets. No matter what happens or what the next plan is, here are the 3 reasons I believe stocks are headed lower.

Number one: The trend in most all stocks is down. This trend is likely to persist and last longer than most people imagine.

Number two: There is no plan. The government is floundering and does not have a plan that is going to work anytime soon.

Number three: We have a lame-duck president, and nothing is going to happen of any consequence until President-elect Obama is sworn in.

Now this may seem like a very pessimistic outlook and in some ways it is, however, there are always opportunities to make money in the marketplace. These opportunities may not be in stocks, it may well be in forex or the commodity markets. So buckle your seatbelt. I think we are in for a bumpy ride...check out the new video analysis New Video analysis of what could really happen. Enjoy! William Davies

Where is the bottom in Crude Oil?

Fri, 07 Nov 2008 23:45:51 GMT

I'm sure as a trader you've heard the expression, the "trend is your friend." That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend. Today we are focusing on crude oil and the reason why it fell to new lows. We're also going to be looking at all of the "Trade Triangle" signals that we have received on crude oil since last July. The video is about nine minutes long and I highly recommend you watch it, simply because it shows you just how powerful trends can be. http://crudebottom.commoditycrunch.com The video also shows you why price action is more important than fundamentals. If you have a few minutes, please take the time to watch the video and learn how the markets really work. Since Barack Obama was named President elect, we can see how the markets have reacted at least in the short-term. Maybe not a reflection of Obama's potential as a president, maybe a reality check for problems in the economy. Not even the record cut in interest rates by the UK could help the markets today. Enjoy the video and please let us know if you've found it to be helpful and useful in your own trading plan. You can reach us online or you can call us directly at 1-800-538-7424 and someone from our support staff will be able to answer any questions you might have. Every success in life and in trading!

Commodities Suffer Worst October In 50 Years

Mon, 03 Nov 2008 13:31:22 GMT

Following on from the global credit crisis, commodity prices have fallen heavily in October. So much in fact that the falls recorded put last month into the category of worst for around 50 years. Take the important base metal copper for example. Last Friday on the LME, 3 month copper fell just over $100 to $4,100 per metric ton, and the metal is down around 36 for the month. The bellweather Reuters Jeffries CRB index headed down 23 in October and last month also saw a decline of around 33 in the price of crude oil. This has come about despite OPEC announcing a cut of 1.5 million barrels a day in production. Just think that earlier this summer, crude oil was hitting $147 a barrel and now is around $60. The US is a big energy consumer and with third quarter GDP figures declining by the largest annualised rate since 2001, this is bound to hit the energy commodities hard. Demand for coal, crude oil and natural gas will be affected and this change will be reflected in the price for these commodities. And in these difficult times the US dollar has started to show some resilience. As a result, gold has taken a hit. Gold futures were down around 18 on the COMEX division of NYMEX in October. We are indeed living in interesting times and agricultural commodities have also posted price declines. Wheat futures fell the most in over 20 years last month, while soybeans and corn fell for the fourth consecutive month. These price movements will certainly mean that policymakers are shifting their attention away from inflationary worries towards trying to avoid a deflationary slump.

Trading Crude Oil Short and Long Term

Wed, 29 Oct 2008 22:05:25 GMT

So where is crude oil going next? After the surge towards $150 earlier this year, it has now fallen to around $60 a barrel. And following OPEC's recent decision to only cut production by 1.5 million barrels a day, it seems the price of crude will remain weak in the short term. The deflationary forces in the global economy, following the financial crisis which spread from the US across the globe, means demand for oil will remain weak. As we enter the global recession, companies are downgrading their sales, earnings and profit forecasts, and economic inactivity and unemployment will rise. Against such a backdrop it is not surprising to see weakness in commodity prices in general and crude oil and gasoline prices in particular. Recently the US dollar has strengthened, as investors dump other assets and currencies and seek the relative safety of the dollar. But looking to the longer term we are likely to see a much stronger price for crude oil and will probably again see the $150 price level for this commodity. Why is this? Just consider that we are still in a long term commodity bull market and recent events are merely a healthy pullback. Mexican oil production has fallen away significantly in recent years and this country is a top exporter to the US. Oil companies will not be able to justify further exploration programmes while prices remain this low. When the global economy recovers, the lower supply will not be able to meet the increased demand. Have a look at this interesting video made by Adam Hewison, showing the excellent trading results for 2008 Q3 using INO's "trade trianlgle" technology. Enjoy!

Game Changer In Precious Metals

Fri, 17 Oct 2008 20:39:09 GMT

There's no doubt about it, these are volatile times and that is reflected in the broad swings in all of the markets. One market that had a huge move today (10/16) may have produced a game changer that you can make money on.

http://gamechanger.commoditycrunch.com

I'm referring to a major commodity that has not acted like it would normally act in an economic crisis. In this short video, you will see exactly how we have positioned ourselves and what we expect will be the course of this market in the short term. The new video, which requires no additional download, also includes a well know stock that tracks the above market very well. You will see first hand where this market is expected to go. The video is available now, and I believe it will help improve your trading in these volatile times. Every Success! William Davies

Fear and Trading Commodity Markets

Tue, 14 Oct 2008 13:44:52 GMT

The only thing we have to fear is fear itself.

Thus spoke Franklin D. Roosevelt 75 years ago.

Looking back on Roosevelt's speech in 1933, 4 years after the infamous crash of '29, he was referring to the economic conditions of the time, better known as The Great Depression.

The question is... how different are things this time?

http://fear.commoditycrunch.com People are still in fear about what the future holds, having very little confidence in the economy.

The major difference between the market falls of 2008 and the 1929 crash is that we now have India and China on the global stage.

Back in 1929, both these countries where not on the radar.

Both India and China's economies will suffer with the turn down here in the US.

These countries will now have to build their own domestic consumption patterns for goods and services they have exported to the US.

This will be difficult for them to achieve, as so much of their economy is built on exports, which are evaporating quickly. Make no mistake, the markets are extraordinarily turbulent right now.

We do not expect, even with the worldwide bailout, for the situation to be rosy again in the short term.

That of course does not rule out some exciting trading opportunities in the commodity markets.

This is a time for rational thinking, and to get rid of that dark cloud of fear from your trading activity. Fear has no place in anyone's trading plan if they trade with a diversified proven program, shown to be successful over time.

And by this I mean not just the last six months, or six years, but over as long as 30 years. With a program that puts the odds in your favour, you can trade with confidence knowing that while you may lose the odd skirmish, overall you'll make money based on your own trading decisions. Many of you know about trading using MarketClub's "Trade Triangle" technology. This approach has proven successful in all types of markets, including the one's we all face now. Take a look at this short 12 minute video showing you how Market Club has done in three different commodity markets using trade triangles.

For some of you, this video will be an eye-opening experience, while for others you are already fearless MarketClub members.

There will also be some of you that are successful traders using your own system, and there is probably no need to watch this video. Trading should be an unemotional experience. It is best not to trade for the excitement, because the chances are you're going to lose.

It is possible to trade successfully in any market out there. This short video shows you how INO's unemotional, time tested approach to commodity futures markets will put the odds in your favor. This way you are much more likely to be on the right side of these extraordinary trading times.

Commodity Trading Training, Learning To Trade Commodities

Fri, 10 Oct 2008 11:34:58 GMT

A commodity trading training resource showing the basics, chart techniques and trading systems to trade commodities for profits

Is gold ready to skyrocket?

Thu, 09 Oct 2008 13:09:11 GMT

With the IMF calling this the most dangerous time for the global economy since the 1930's, it seems gold is primed to surge beyond $1,000.

Here is a short note from Adam Hewison, President of INO.com. Enjoy the video presentation.

I have just finished a new video on gold that I would like you to see. This new video deals with some of the strange events that we've been going through the past two or three weeks, or in some cases several months.

http://goldrocket.commoditycrunch.com

I know most of the gold bugs have been disappointed that their favorite yellow metal hasn't skyrocketed to new highs.

Some people said that we'd hit two to three thousand dollars an ounce when gold topped the one thousand mark a few months ago.

I'm not sure that we will see levels like that, but the reality is, we could be seeing more interest come into this market which could push it higher.

In this short five minute video, you will get to see how well our "Trade Triangle" technology has done in the gold market.

I will also show you when I think gold should hit its peak.

This is an educational video that is meant to inform you on the dynamics of the gold market and how it can help you improve your trading and timing in the future.

Best of luck in life and trading, Adam Hewison President, INO.com Co-creator, MarketClub

Fibonacci In Commodity Trading, Using Fibonacci Numbers

Wed, 08 Oct 2008 15:18:45 GMT

How Fibonacci in commodity trading helps determine price movements, looks at fibonbacci numbers and fibonacci retracement

Relative Strength Index, Commodity Trading Technique

Sat, 04 Oct 2008 11:25:33 GMT

The relative strength index as a trading technique, in commodity trading the RSI helps indicate overbought and oversold levels

Leveraging in Commodity Trading, Big Profit and Loss Potential

Thu, 02 Oct 2008 14:01:37 GMT

With leveraging in commodity trading there is potential for big profits and losses; go long or short and watch the initial margins for futures contracts

Hedging in Commodity Trading, Hedge Your Position For Protection

Thu, 02 Oct 2008 10:35:07 GMT

Hedging in commodity trading protects producers and end users, either using a short hedge or a long hedge

Commodity Trading Technical Analysis, Charts and Price Action

Tue, 30 Sep 2008 15:42:32 GMT

How commodity trading technical analysis can help the trading decisions in commodity futures, including price action, trends, moving averages and volume considerations

Where is gold going over the next 6 months?

Tue, 23 Sep 2008 11:11:41 GMT

It seems to me that the only help the US government gave us last week was pushing gold prices higher. Last week's massive bailout and intervention in the credit markets saw gold as one of the few markets to close higher for the week. We can see from this how traders are thinking about the future. It seems there is confusion and uncertainty , and so the yellow metal is favourite once more. These are extraordinary times we are living in, and we have to take advantage of what the markets are offering us at the moment. The fact that there was no follow-through today in the equity markets tells me that there's so many questions about this rescue plan that are yet to be answered. In turn this now creates more uneasiness in the marketplace. We have even seen a slight upward movement in crude oil and other commodities. As for stocks I believe they are in a bear market and that we can see a trade down to the 10,000 level basis the DOW. So are we looking for a significant change in trend in gold? With the technicals all in place, and the fundamentals certainly pointing to higher gold prices, I think traders should be looking at this market from the long side. Some of our cyclic work indicates that gold could be strong until February or March of 2009. Take a look at this interesting video. Enjoy!