Recent Articles in Commodity Reports

On a closing basis, Natural Gas is breaking out. We believe it is startin gthe next leg higher into our MFU-3 target of $7.20.

Gold is down into our initial MFU-2 target area of $1,725.

The November Nat Gas Futures achieved our target today, and we are taking profit in the night session.

The bullish setup in the energy complex of WTI, Heating Oil, Nat Gas, and RBOB has big implications for energy stocks from here into year-end and potentially more.

We like the setup in the November Nat Gas Futures and in BOIL, a leveraged 2x ETF based on the futures contract.

Lumber appears to have bottomed into the MOB band, and we have a bullish Mone Flow Unit (MFU) in place. We are expecting a gradual advance from here into the initial target at MFU-3 of 8578.

Following up on our thoughts on both silver and gold sent out this week in our Technical Tuesday report, both metals have broken important support levels, and we believe this is the start of a significant leg down. Comments and target areas are on the charts below.

In our last note on WTI we said we would be buyers when price would break the downtrend off the July high, which is happening now.  The decline off the July high is a consolidation of the prior advance off the November low. We are targeting the MOB band from here.

We like both setups and would initiate a long position right here.

Gold has achieved our upside target, so we are closing out our long trade.

We have a bearish view on the U.S. Dollar, which should help both precious metals get a lift from here.

The XOP was shy of its $112 target is stalling at a MOB band, Momentum is weakening, so we are taking profit here and will evaluate a pullback to buy into. We got stopped out of our July WTI Crude Oil short at $103 but remain short RBOB with a target of $2122.

We continue to like both gold and silver futures, and will be looking to add to our long position. Both futures contracts look poised to breaking out very soon. We are putting both GDXJ and RGLD in our pairs model with an offset in SPY for tracking purposes.

Both commodities are at or very close to their Make or Break (MOB) targets with momentum divergence. We are taking a short trade here with a stop just above the MOB band.

 For our pairs trading portfolio we closed out our long position in XOP, XLE, PXD and DVN on May 11 when the XOP entered the pause phase. We are back long and maintaining our longer term bullish view in the sector. For our pairs model we will be adding back the following longs in this sector with an offsetting hedge in the SPY. These are good stand alone longs for long-only managers. Long: XOP, OIH, OXY, SLB, SU, FANG, EOG, and PXD