The Energies & Metals Review This Week: August 29, 2011

Once you are earning from futures markets, the Energy and Metal Review I’m sharing will interest you like ever. Since the markets are changeable and such the information will help guide your work. If you say yes, now we start.

Eenergy and Metal Reviews This Week: August 29, 2011

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Futures Markets : Financial and Precious Metal Reviews

Once you care about futures trading, keep on! Be back with futures markets, we will narrow the topic on finance and metal market in the show below. The financial and precious metal review this week will help you get idea on how to run your trade in the next few days. Just have a note on the information that needs for your trading. Good luck!

Financial and Precious Metal Review

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Energy Market Review for The Week of August 15, 2011

Back to futures markets, I would like to say sorry for the breaking time. Back to my work, I'll try to share with you the information that I think it is valuable to my and your trading. To restart, now we will have a look at the Energy Market Review for the week!

The oil market saw a bounce back in price last week as the markets were oversold below the $81 dollar range in Sep WTI. September crude closed out the week at $85.38. The equity markets got a bit of relief as the S&P rallied back over 1150 and the DOW over 11,000 and WTI pushed higher from $78.50 at one point getting as high as $87. The back of the curve rallied huge with Dec11/Dec12 crude oil going from -520 to -360 as many banks were buying up the back of the curves in both WTI and Brent. I believe this week is a week to take any unrealized profits from longs at $80 as I feel the market may head lower after the "dead cat" bounce it has just seen. I would look to get into some OTM puts as this market has potential to drift lower this week.

Natural Gas teetering on the $4.00 mark again here as prices shifted higher last week above $4.15 but have since dropped with the abundant supply. Look for NG to drift south of $4.00 and into the $3.90 range. Good support is at $3.80 in this market.

Futures Market Reviews For the week of November 22nd, 2010

Another new week comes, and it's time for us to gather to review the futures market. Let's see what our experts has been collected and analyzed for us! I will not take much of your time. I'll let you with the reviews. Hope for your great trading week and we will gather in the next week with new news!

Futures Market Reviews for The Week of October 4th, 2010

New week starts let's go back the futures market to see what news in the floor to plan for your new trading week. The chart already told you all. For more information, just have a look at the futures reviews to see what experts advice us!

Energies Market Review for The Week of July 26th, 2010

Time pasts too quickly. How about your business? I hope you had a great trading week. Now, new week comes with changes we should note for our new trading week. Just check out The Energies Review for the week of July 26th, 2010 to see what our expert - PitGuru Daniel Cronin - notes about the market.

"The energy markets had a great week last week rallying in all of the sectors as the equity market ticked higher and the Euro continued its torrid pace against the USD. The one key factor on Friday was that the market sustained gains not giving anything back to head out the close to the weekend. WTI spreads have also sustained the recent rally as the inventory space in the Oil market declined some 5 million barrels last week and have dipped the last 4 straight weeks. Sep/Oct still in the -30's while Oct/Nov is trading at -50. The only negative to this market is that Hurricane Bonnie dissipated as a tropical storm near the U.S. Gulf Coast at the weekend, sparing refineries and offshore production operations. BP Plc vessels returned to the area working to permanently plug a damaged well, the source of the largest oil spill in U.S. history.

This is the only factor why Oil has not tried to break through $80 yet. Crude was above $79 and at the top of the range so I am recommending some put purchases based on technical analysis resistance at this $80 level.

Natural Gas has traded up to $4.70 again this week, which is great resistance as warnings of Hurricane Bonnie led shorts to get squeezed out of the market. I would say this too should be sold up at the $4.75 level and I suspect prices will drift back down to $4.30."

So far, you have a whole view of energies market and noted down necessary information. As I noted that, energy is not the only market that futures traders need to care. You also can view other weekly futures market review that I cannot share with you all here to decide your trading. I wish you a successful week. We will meet again in the next week for new reviews.

The Financials Pit Review for The Week of July 19th, 2010

Time makes things change and renew the markets. A week has gone, now just check how the financial market going.

The Financials Pit Review
for The Week of July 19th, 2010

By PitGuru Frank LaMantia

JD Power has released their annual survey of investor satisfaction with brokerage firms. Full service brokerages that one might expect to have pulled ahead in ratings were down. BOA/Merrill, Morgan Stanley/Smith Barney, and Wells Fargo came up on the short side of the list. The overall top 3 firms that measured investor’s perception of the advisers, performance of investments, and accounting fees was Edward Jones, Royal Bank of Canada’s RBC Wealth Management, and LBL Financial. An increasing proportion of the 4,460 investors who took the survey said they believed their investment firm was driven more by profit concerns than focused on the customer.

Friday could be a market-mover simply because the stress announcements for over 91 banks in Europe will be announced. This will hopefully show weak spots and give vulnerable banks the opportunity to raise capital. These tests are being taken to show Asian wealth funds that European savings banks are not risky business, and also show that investors are confident. Are these tests being done for the right reasons? It seems as though it is for money rather than the safety of consumers!

Corporate earnings used to be cut and dry where positive earnings helped the stock market move in an upward direction. Economic reports have put a solemn mood on earnings before the season even started. A year ago many polled said a double recession was impossible. Now it is in the financial news as a main topic each day. The housing market still seems to be a thorn in the consumer’s side. Sideways trading, little to no growth, and possibly a double recession could be what is in store for the future.

The S&P traded up 4 points to 1065 the DOW traded at 10089 up 30 points in premarket trading. Some may consider this trader pessimistic or even doom and gloom but if this market stagnates at this juncture a sell off could be in the midst. Many times in this situation the market gains momentum to give itself a cushion just in case bad news is announced.

To keep up with the financial market, check out the free currency rate calculator for extra help!

Grains Review - July 12, 2010

The Grains Pitguru Review
For the week of July 12^th, 2010

Friday saw WASDE deflate any upside ideas in wheat with old crop complex factors showing the best strength heading into the weekend. There was little action in corn with the market failing against the recent highs with no weather concerns on the immediate forecast. The ridge is still there but it’s a bit deflated as compared with late last week. This added to a lack of weather concern in China and enhances the corrective possibilities with no news coming over the weekend to spark the next upside move. Macros are not helping bullish sentiment pointing to a short term correction with corn and wheat sure to be the weaker of the big three with bean demand from both China and domestic crushers remaining firm in old crop. Bean oil should gain against meal due to a correction in the latter market and growing concern in the Canadian prairies. The overnight fell but recovered off nightly lows with no real pressure seen but no reason to rally. Looking at the day session there is little direction seen that differs from the overnight with a strong USD adding to slight bearish momentum and nothing coming from either crude or gold to spark major movement. Look lower without drama to start the week.

Beans are called flat-2 lower to start with July and new crop looking weakest. The 200-day MA in Sep is the first downside corrective target. Corn is called flat/mixed to start with the 100-day MA sitting at 375.50 acting as the first downside consolidation target. Wheat is called flat/mixed with the 200-day MA and Friday’s low sitting at 532.50 acting as first support. Soy Meal is called flat-1 lower with the range high at 291.30 acting as firm resistance with the 200-day MA acting as the first downside consolidation target. Bean Oil is called 10-20 lower looking to hold the 20-day at 37.44 with the 50-day at 37.82 acting as the first bullish target.

Open Interest moved as follows: Beans +3794, Corn +8874, Wheat +-391, Meal +1792 and Bean Oil -2186. The small drops in bean oil I attribute to shorts exiting on the recovery above the 20-day MA. Short term money in corn is a risk to bulls with any pullback approaching the 100-day MA sure to bring in liquidation.

Argentina has stopped issuing Beef export licenses which may be the first step in limiting corn and bean exports. Nothing immediately bullish but if they continue to curb food inflation, currently at 20%, the world will have to come to the US for old crop beans and meal.

Late sales of 152,500 TMT US corn for new crop to an unknown, probably China though it cannot be confirmed as of yet.

By PitGuru Matthew Pierce

Metals Review - July 12, 2010

The Metals Pitguru Review
For the week of July 12^th, 2010

Precious metals slid last week as investment demand for the Gold market faded just a bit as prices at one time slid below $1,185. Gold rose to above $1,200 but is still not showing any real signs of returning to a new high. One would think that the equity markets decline and a rally in the Euro meant a rally in the Gold price but this was just the opposite. The market then made a turnaround in the S&P to 1060 and Gold followed suit a bit higher, so for right now I think it’s advisable to stay away to avoid this choppy situation. Look to buy some calls on a dip around $1,170.

Copper once again failing to really bust through the $3.05 level as it has traded down to $3.01. This market has not really had any luck trying to go higher but it has had higher lows recently so that is one positive sign to look to. This market really needs to break $3.10 to bust higher but for right now it’s range bound from $2.90 to $3.06.

By PitGuru Daniel Cronin

Softs Review - July 12, 2010

The Softs Pitguru Review
For the week of July 12^th, 2010

The soft markets may receive influence from outside markets, equities and the dollar, yet they have recently provided some movement and thus opportunities. Expect that to continue, but in violent choppy fashion.

Coffee prices have established a wide range, trading between 15685 and 16720 this past week, and settling Friday at 16385. The wide range is keeping traders nervous and the market choppy. And while I fully expect that range to serve as support and resistance until prices either jump over 168 or below 155, even then, stop hunting will fuel volume and another quick 300 points, I still believe that the market has further upside appeal. Having reached that high early Friday, this morning values are under pressure and apt to test last week's low. Fundamentally, there have been no changes, with Brazil's large crop expected to have problems with quality so as to allow differentials to continue to be a focus. Until the market breaks below 155, expect potential on the upside.

Sugar prices dropped late Friday and wiped out the nice rally the market had going. October had traded from a low of 1641 on Wednesday morning to an early 1741 high on Friday, but the price action that followed strongly suggests that the market has found a short-term top. This morning prices are attempting to get back over 17, which if successful, brings Friday's high and 18 cents back into play. Otherwise, sugar will try and build momentum and likely languish.

Cotton has been showing signs of trying to bottom. Friday saw active interest in calls. Although the bigger US crop and weak technicals have kept buyers away. Support ought to be found at 74 cents and resistance at 80 cents, but should 74 give way then 70 cents is the next level to look for. I favor the long side in cotton.

By PitGuru Jurgens H. Bauer

Financials Review - July 12, 2010

The Financials Pitguru Review
For the week of July 12th, 2010

The next few weeks are pivotal for Wall St as earnings are set to make an impact on what direction the market goes. Tonight Alcoa (AA) will announce its earnings and is the stock that typically shows how earnings will go. There is a slow cautious feeling on the floor as traders wait for statistics. A question to ask is does the market trend upward the week before earnings season? The past few earnings seasons it seems as though a cushion was laid down like a shock absorber. The DOW jumped 5% last week and has shown resilience at the 10,000 level for a few months. However the DOW is still down 9% from the highs of last April.

A report was announced showing that 25.5% or 43.4 million people have a credit rating below 599. This might be the most frustrating time for mortgage brokers that have the business but no way of getting the loans to go through. This could be another sign of a weakening housing market. A credit score of 680 is helpful in many situations and may be the cut off point for many Americans.

It is wise to be cautious in earnings season especially for day traders. One needs to act short term but think long term. Questions to think about over the next few weeks for the long term: Is U.S. debt going to creep up and bite Americans like Greece or Spain? Could the housing market crumble again? How about the short term? Could earnings season point the market into a runaway bull? Could the U.S. bring confidence back to consumers? Look for correlations to try and predict future events. Obviously past results are not indicative of future results but it is nice to have a measurement when doing an analysis for the future.

By PitGuru Frank LaMantia

Energies Review - July 12, 2010

Crude Oil had a very nice bounce last week as the August flatprice rallied from $71.00 to $76.00 as the equity market rallied from 1000 to 1070 in the S&P. Inventory reports were a draw in the oil space and in the Cushing market and thus led to the charge in the WTI spreads. The front spreads are now in the -40's as this is somewhat of a bullish sign long-term. This week, however, I believe you will see some profit taking and the market trending back toward the $74 level but I would be a buyer there as that is a nice valuation point for the crude market.

China’s net crude purchases climbed to 22.14 million metric tons in June, beating the previous record of 20.98 million tons in April, according to preliminary data from the General Administration of Customs on July 10. Imports surged 30 percent in the first half of this year on higher demand and lower costs. These numbers do signify that demand is coming back into the market, especially Chinese demand, so these numbers should not go unnoticed.

Natural Gas slipped to $4.40 and is a great buying opportunity as it is on the low end of the range trade. Inventory reports did not sit well with traders as the market came off but this price level offers a great value buy in the Natty Gas.

Financials Pit Review - June 28, 2010

The Financials Pitguru Review
For the week of June 28, 2010

This trader has mentioned before over the past year or so that a double recession was possible because of the housing market. When the 5 yr arms and seven years arms come due over the next 1 to 3 years there could be serious repercussions. Besides the issues that are apparent presently like foreclosures and unemployment, consumers could just walk away from their mortgages. An article this morning by Robin Griffiths, technical strategist at Cazenove Capital also has this same belief. He mentions that consumers could try and get out of debt, but there may be no buyers to help. (1)

The battle between bulls and bears will always be around. In this current market, the bulls argue that P/E ratios are in good shape and that is a buying opportunity while the bears looks at the current status of debt filled nations, toxic assets, and, yes, a bleak housing and job market. When large companies move money out of the market and into gold and treasuries traders should be cautious. It is one thing to be doom and gloom, but it is another to be honest with what is happening out in the financial system.

Consumer spending appears to be up 0.2% which is better than expected. The thing is consumers are known for spending because of credit cards. Yes, many do slow down when the economic climate becomes choppy, but leveraging is what many consumers do. The mentality is if a person may go bankrupt they might as well have a good time and live large for the present. So, are these numbers really positive?

It seems as though people are not buying into the market early this week as the market is trending down. The S&P was around 1073, down 3 points while the DOW was down 15 to 10128. (2)

1. http://www.cnbc.com/id/37970896
2. http://www.cnbc.com/id/15839121

By PitGuru Frank LaMantia

Softs Review in The Week of June 21st - 2010

To keep up with soft market:

"Following the price action of the past week coffee traders have now developed into two basic camps, neither of which believes that the price will stay close to $1.60. I believe that while prices will certainly move up (I've pitched my tent among the bulls,) a key element fueling the bullish camp is the benefit of the flow of money. This is not a subject mentioned often enough and yet it seems responsible in a large part to premier rallies seen in commodities the past two years. The bearish camp seems more focused on warehouse stocks, the Brazilian harvest and the potential for more aggressive producer selling. In some respects the current coffee market reminds me of similar bull moves seen over the past couple of years and it might be worth reviewing moves made in cotton, crude and sugar. One major point is that once those bullish moves were over, and prices retreated, they did so with the help of gravity and moved fast. I don't expect that time has come for coffee values yet and still look for further upside.

Cotton prices are being impacted by the excellent growing conditions for the new crop. That means that the bulls who believe that prices have further to go on the upside will need help. Yes, current supplies remain tight as the transition from old crop to new takes place, but I do not expect any breath taking moves over the near term. Same type of sideways price action expected in juice.

Cocoa ought to provide a reasonable opportunity this week for bears like me to acquire some puts at a reasonable level. I do not have bullish feelings at all towards cocoa and strongly believe that demand is not going to live up to expectations. Sugar on the other hand offers a trading range potential between 15 and 17 basis the October contract."


By Pitguru experts

Futures Trading Blogs for News on Metals: Euro in Danger?

Today, Pitguru blogs will bring you a piece of news in Metals market. Here is a good article that i found from Bloomberg stating Greeces credit rating might be lowered and the Euro losing ground against the USD and the Euro to new yearly low… This will have a huge impact on the precious metals markets..

“The euro fell toward a one-year low against the yen on speculation Greece’s credit rating will be downgraded as the country struggles to push through fiscal cuts demanded by the European Union.”

Europe’s single currency also dropped toward a nine-month low against the dollar after Standard & Poor’s said it may cut Greece’s rating again by the end of March as a weak economy and political opposition threaten the nation’s ability to reduce the EU’s largest budget deficit. The dollar gained against 15 of its 16 major counterparts before a report today forecast to show U.S. durable goods orders increased.

“There are concerns that Greece may not be rescued,” said Satoshi Okagawa, head of the foreign-exchange forward trading group at Sumitomo Mitsui Banking Corp. in Tokyo. “This is causing selling of the euro and buying of the yen, and leading to risk aversion.”

The euro dropped to 121.10 yen as of 11:09 a.m. in Tokyo from 122.03 yen in New York yesterday. It fell to 120.71 yen on Feb. 5, the lowest since Feb. 24, 2009.

The 16-nation euro declined to $1.3494 from $1.3538. It touched $1.3444 on Feb. 19, the lowest since May 18. The European currency has fallen 2.6 percent versus the dollar this month, heading for a third monthly loss, its longest stretch since November 2008. The dollar fell to 89.75 yen from 90.15 yen.

The cost of protecting against default on Greek government bonds increased 13 basis points to 384 yesterday, according to CMA DataVision prices.

Rating Downgrade

“We believe that a further downgrade of Greece of one to two notches is possible within a month,” S&P analysts led by Marko Mrsnik in London said in a statement released late yesterday.

S&P cut Greece’s rating twice in December to BBB+ and signaled at the time it may lower it again. Greece has struggled to persuade investors it can slash its budget deficit from last year’s 12.7 percent of gross domestic product.

“I’m not sure if other nations have enough resources to help Greece,” said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in Tokyo. “If the issue is neglected, that will stoke concerns about the euro. The dollar remains strong against the euro on a relative basis.”

Bookings for durable goods in the U.S. climbed 1.5 percent last month after rising 0.3 percent in December, according to the median estimate of economists in a Bloomberg News survey before the Commerce Department reports the data today. ”

P/S: For more news on futures markets

Futures Blogs Share News on Commodity Futures Trading Marketsmm

Commodity information, futures advices, trade recommendations or updating news around commodity futures trading markets are among the things you can get from Pitguru thanks to weekly reviews or futures blogs . Being successful investors, we all know the importance of these sources. Back to futures blogs, what d are these blogs written about? For years, considered as a prestigious name in the trading floor, Pitguru has the team of experts who are responsible to regularly write about Financials, Energies, Grains, Metals, and Softs markets to help traders update the latest information of what happening around the platform. Gold Reaching $1,180!! ( on Metals), WTI spreads weaken as Crude goes lower (on Energies), Ford rules ( on Financials), Electronic Trading ( on Softs), and many more. You got the news? Catch up with the markets to make right decisions for your biz!

Commodity Futures Trading Platform - Free Tools

Creating a multiple market for commodity futures traders so that ones interested in commodity futures trading can easily find out what they want is what Pitguru wants to offer visitors. We have opened Free Tools as our special bonus for all.
"FREE products for our PitGuru registrants! There is absolutely no charge for ANY of these trading tools". Welcome to our futures trading platform!

Futures Trading Platform with Market Recaps, News and Premium Futures Trading Services

Since no trader can be successful in trading floor if he stands alone. He needs to talks, to listen, to share ideas, information with other to learn and update news. Therefore it is actually necessary to build up a multiple market, especially common platform for traders, especially the ones in commodity futures trading market, so that investors who have the same interest can easily find out trading tips, market recaps and forecasts, or any related topics they want. Understanding that, Pitguru has opened Futures Trading Platform as Pit's special bonus for all traders and subscribers who has concern on finance, day trading, broker options, futures oil, metals, grain, energy, or any aspect related to futures trading. This has been the common house for commody futures traders exchange investing tips and news. Pitguru updated itself with the hope of offering more neccessary news and tools for help. More futures blogs and weekly reviews about Energies, Grains, Softs, Finacials, etc. are available right there to give you the latest events and news around the markets as an outline view to lead traders to wisely decision to jump to the success. Besides, thanks to premium futures trading service, Pit will bring you forecasts and live trade recommendations direct from the floor. Always updates, always tries to help support your goal in business are Pit's target. Share, listen, learn, hold hands together to develop!

Futures Trading Help from Pit: Open Futures Calls!

There are lots of profitable traders out there. Just wonder how can they do that? Actually, such traders have their own tips to be successful in trading floor, but what are the investing tips? Do you want to discover? If futures trading market is where you want to try, join with Pit and jump! By giving you advices on opening futures calls, opening grain calls, and daytrading recommendations, Pitguru will link you directly to the floor traders. And now, let Pit show you the opening calls before the market opens!

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