Have Commodities Finally Bottomed?

By Dorotee Joe

To find out if the products are in progress, the main issues to be resolved are: what kind of question is outside of China and where is the dollar going? Led the Chinese commodities boom over? Not finished, but expect a significant slowdown. The Chinese government said that exports fell by 2. 2% in November a year ago, the first decline in seven years. Imports decreased by about 18%. Over the following months, investors in commodities must closely monitor the Chinese economy. In dollar terms, after a rally of 18% from mid-September, we saw the dollar times 6. 5% in the last 3 weeks. We’re betting that early progress was not made and you will see a return visit to level 75 before you see the index of 90 U.S. dollar. This should be good news for goods that are invoiced in dollars. Deeper than that of the weak dollar should signal a modest stabilizing the global financial system, investors are increasingly willing to take risks. Investors remain skittish for months to come, but the race for central banks to zero, the investor will have to find other homes for their capital. Stocks of crude oil rose $ 5 in February. 43 or 12%, helped by the weak dollar and anticipation that OPEC will announce another 1. 5-2. 0 million production cut on Wednesday. Let’s support for $ 43 with resistance to $ 51/52. It may be premature to call a bottom, but under the right circumstances, a weak dollar, the stable performance of stocks and OPEC cuts, we could see a rebound to $ 65. The U. S. Department of Energy said that supplies of crude oil rose 400,000 barrels last week to 320. 8 million barrels. Supplies of gasoline rose 3. 8 million barrels more than expected due to increased imports. The supply of heating oil rose 1. 7 million barrels. February RBOB 14 years. 22 cents compared to last week, gaining 14% with the big back above $ 1. 00/gallon. Support is seen at day 9 of the moving average 1. 0461 followed by 1. 0000 with resistance to 1. 2500. To play in OPEC or potential short-covering rally look to 110/120 Call Spread in January for $ 1400. Spread $ 4200 with only 9 days for you to get quick results, win or lose. Put in a sell order Terms of Service for $ 3000 and if his eyes full of waiting after a draw at about 1. 1350. A new depression was rejected oil with a gain less than 1 cent for the week. $ 1. 50 should serve as a pivot point on the contract in February. You could see a return to 140 low or 1. 65. Currently, we recommend that you wait for further evidence on the sidelines of a game end. We see a trade back to 2. 00 Over the next 3 months, traders who try to show he could watch the 160/180 call spread of $ 2500 or the 170/190 call spread for $ 2000, both in March. The U. S. Department of Energy said underground supplies of natural gas fell by 67 billion cubic feet last week to 3. 291 trillion cubic feet. Supplies are now down 1% from a year ago. January natural gas fell 22 cents, under the pressure of rising temperatures in the United States. This is the lowest since August of 04 ‘and now there are long and poorly positioned with customers, in February calls $ 8. We are still waiting for a rebound and use a bounce to reduce losses and potentially extend the position based on the magnitude of the movement. We see the support among the 5 January. 40 / 5. 45 with a first resistance 6. 00 However, we expect a trade until 6. 25 / 6. 75th floor, the question is when and where? Currencies: The BOC met and decided to reduce its interest rate 2. 25% 1. 50%, the lowest in 50 years. E ‘was the sixth cut this year and 25 basis points more than most were anticipating. In light of this, the loonie rose 1. 69 cents last week, largely helped by gains in energy and metals. As we have noted in recent posts we expect the triple to 77. 00 March to hold. We proposed long-term contracts and purchase the 82 calls and 78/82 Call Spread March for $ 1,500. Learn about options for $ 2500-3000. For items to look for a new long entry between the two. 7850 /. 7900. The Euro ended March 6. 36 cents, the closest in seven weeks, encouraged by comments from the ECB that the economy may start to recover in the second half of 09 ‘. After closing above the moving average 50 days during the week we witnessed a strong following until the end of the week. We could see a trade up to 1. 36 / 1. 37, but do not see much. Just to support 1. 3285 and then 1. 2930 with the first resistance to 1. 3560. The Swiss National Bank lowered its target rate from 1. To 00%. 50%. Swiss has acquired March 2. 87 cents or 3. 5% last week. Support took place during the last 4 weeks and there would be time to explore the long side to buy the dips. Just 9 days in support of the moving average. 8366 for the resistance. 8636. We expect the gap. 10/30 of 8821 to fill in the coming weeks. The Australian dollar was 1. 65 cents compared to last week was a bit ‘disappointing given the range of commodities rally. Resistance is seen at last week at the High. 6757 with the support. 6460 followed. 6350. There may be an Australian had anticipated figure of herself in motion 8. 5% in the last 3 weeks and need time to rest. We would like to be placed in the margin. For 6 weeks, the Japanese yen strengthened against the greenback, gaining 1. 94 cents last week and at one point trading more than 1. 1373 and the highest level since August of 95 ‘. If the carry trade continued relaxation in 09 ‘we could see a challenge 1. 25; high of 95 ‘. This would be a further increase of 14% over the last 4 months of increases of 21%. We are currently flat with our retail customers looking for an opportunity for long. Our best performing CTA, which is up 120% year to date is still on display and feels we have a long way to go. They are located in both futures and options, contact us for more details. Support for March is seen at day 9 of the moving average 1. 0850 followed by last week, low level of Fibonacci retracement of 50% to 1. 0687. I would not be surprised to see a sharp decrease to 1. 0525, which would seriously affect the table. First resistance is seen at 1. 1125. Japans central bank ‘could cut rates on Friday to 0. 3%, but we think that will continue to hold and quantitative easing. Pound harvest on 2 March. 40 cents last week. 1. 4650 should provide support for the resistance slightly down to 1. 5100 and greater resistance to 1. 5350. There would be positioned on the line waiting for a rebound that would have put a good opportunity to short. The New Zealand dollar was only 10 beats higher and sometimes it was like watching paint dry. We recommend long-term, with a break below the previous week low of AT. 5164 provided a return of more than 60 cents in the contract of March in the coming months. Patience must be exercised, because this could be an engine slow. Interest rates, after next week should be. 50. 75% of the United States and 5. 0% New Zealand, you do the math. The index of the United States dollar decreased by 3 March. 62 cents or just over 4. 0%, the lowest in seven weeks, close, hurt by expectations that the U.S. will likely keep interest rates low for an extended period. This was the largest weekly move since mid-October. Last week he challenged the lower 38. 2 support% Fibonacci retracement with the next seen on 82. 50. Resistance reaches 85. 60 and for now appears as a term beginning not been established. We recommend selling rallies, while the management will be largely governed by the FOMC decision on rates, the comments of the Fed and other markets as they react. Metals: March silver was 73 cents higher than last week, but remain at $ 1. 50 trading range, we have been for 8 consecutive weeks. This may seem familiar, because this point has been emphasized in recent weeks, the meaning is that we are on the market behaves like a spring. More we see one side of the smaller groups and we expect the transition to be increasing. 10. 50 is still resistance, while a weekly close above this level should result in prices being $ 13-15. We continue to accumulate $ 09 in December 15/20 ’spread appeal and will be a buyer again this week for customers around 1,700 dollars if given the opportunity. We’d love to be a buyer of futures on dips in March to turn to gold and crude oil in the dollar. We would start cutting in aims to 9 years. 50 followed by 9. 00 and up to 8. Low 51 from 10/28 held on a closing basis, we like to be long. Looking at the weekly charts of the stochastic and MACD, continue to argue that we are in the early stages of a turning point. The gold silver ratio is currently at about 80:1, and we feel next year we will return back at least 50:1. That said, if you move the gold in cash of $ 1,000 should be $ 20. February gold was over $ 65. Last 30 weeks, this trend reflects around the previous week of $ 66. Only 80 in the opposite direction. It ‘been a week of seven high, caused mainly by the weakness of the dollar and investors turning to gold in financial uncertainty. $ 750 should continue to act as support with the level of resistance of $ 835 a shot, but did not penetrate in previous weeks. A close above $ 835 could push prices to $ 865. Though the movement shows considerable daily volatility, watching the weekly and monthly offers merchants more time because of the excitement. We have seen increased attention from investors, with an increase in volume and open interest in recent weeks. We offered customers $ 100 to see spread appeal in April and June, one of these ideas was the 800/900 call in June for $ 2,700. Regulation of Friday was $ 3670. To see our commentary track, which includes the sectors of energy, livestock, currencies, financial, cereals, soft, and metals, sign up for 4 weeks without evidence of our visit to this link: https: / mbwealth. com / subscribe. html. MB Wealth Prices Offers from only $ 8 times! To see exactly how the position of our customers in commodity futures and options, contact us today at 1-888-920-9997. Disclosure risk: the risk of loss of the Commodity Futures Trading options can be substantial. Before trading MB Wealth recommends that you carefully consider your financial situation to determine whether Commodity Trading is appropriate for you. All funds committed should be purely risk capital. Past performance does not affect the future results of operation. There is no guarantee of market performance said, all the above are our opinions. Calculation of profits and losses are not taken into account commissions and fees.