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Chris Bersaw

Chris Bersaw
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  • Today In Commodities: Risk Off [View article]
    Never say never in this market, it can always go lower, in fact it could try for 3.689 thereabouts maybe lower too not out of the question.
    Sep 22 10:53 PM | Likes Like |Link to Comment
  • Today In Commodities: Risk Off [View article]
    Not bad price action in nat gas today all things considered, note the spike in volume too almost same as yesterday which is almost as measured as the spike end of last week.
    Sep 22 10:45 PM | Likes Like |Link to Comment
  • Today In Commodities: Economic Risks [View article]
    It appears Nat gas is entering its shoulder season although I was expecting this sell off last month so its not impossible to rule out more downside especially ahead of tomorrow's inventory report unless that number surprises to the upside something I highly doubt.
    Sep 21 11:21 PM | 1 Like Like |Link to Comment
  • Today In Commodities: Risk, Not Reward [View article]
    It looks like sellers are trying to take Nat Gas lower but so far they haven't been successful, for now anyway, looks like we are in the shoulder period so Nat gas can go lower but am impressed it held up thus far compared to last year. Crude oil looks interesting at lower prices IF it makes a third wave down which will take it to 80bbl maybe lower. Noticed crude has been tracking the SP500 of recent so if indices slip like they might since SP500 is moving up on decreasing volume again and was turned away at its 50day average, could be a catalyst to bring down crude. However tech heavy Nasdaq 100 is over its key averages so it can pull sp500 higher but for how long?
    Sep 20 09:06 PM | 1 Like Like |Link to Comment
  • S&P Back At 1200, But All Is Not Well [View article]
    Cash works nicely, this way if SP500 does break down you can sit back and wait for better investment opportunities that will present themselves.
    Sep 8 12:25 PM | 1 Like Like |Link to Comment
  • S&P Back At 1200, But All Is Not Well [View article]
    Oh yes, a classic bear flag, a bearish continuation pattern that usually breaks out on increasing volume in the direction of the trend, in this case down. It should take the sp500 to around 1,000 but given the random nonsense that currently exists, it can easily move higher instead.
    Sep 8 09:55 AM | 3 Likes Like |Link to Comment
  • Today In Commodities: The Fall Is Upon Us [View article]
    The dollar index ran right into its 50 ma although was turned back have a feeling it might challenge it again, interesting to see what happens when it does. That elusive correction in gold might be sooner then later with price action looking lackluster with volume dropping over past few sessions and 9 ma starting to turn lower too. Sliver doesn't look exciting making little progress staying over 42/oz but it doesn't look as vulnerable as gold is. Copper isn't doing much better on the daily either running into serious resistance around 4.200 better start that commodity shopping list as Christmas might be early this year!
    Sep 2 12:15 AM | Likes Like |Link to Comment
  • Today In Commodities: Waiting Game [View article]
    Cotton looks like it wants to move higher but first needs to close over the 50dma of 106.25. If it can do this, might make a try for 109.00-110.00 again perhaps building support for the next push higher if exceed that level. It also has to hold 105.09-44 too.
    Sep 1 02:41 PM | Likes Like |Link to Comment
  • Today In Commodities: Waiting Game [View article]
    I myself would love to see gold trading at or under 1,600 but until it does, will not worry about it, it will pull back eventually but when is another question. Was watching the grains on the open and the sellers were waiting for corn while soybeans looks like its getting little tired too after struggling to move higher. These markets are begging to be sold and think its only a matter of time before they both roll over.
    Aug 31 10:59 PM | Likes Like |Link to Comment
  • Today In Commodities: Evolving Commodity Market [View article]
    The risk reward profile in nat gas is real favorable at the levels and the lower it goes more I like it. Corn as well as Soybeans are still begging to be sold at these levels.
    Aug 26 08:05 AM | Likes Like |Link to Comment
  • Today In Commodities: Live And Die By The Sword [View article]
    Actually that corn strategy is not a bad idea for a market such as corn which has little upside potential relative to the downside--I was thinking about a risk reversal strategy.
    Aug 24 09:04 PM | Likes Like |Link to Comment
  • Gold Down A Quick 5% [View article]
    I totally agree, the 150 day moving average which had supported gold in the past comes in at 1514.60 and that if the line in the sand for gold, if it holds, good, if not then expect a retest of the 200 day easily.
    Aug 24 08:27 PM | Likes Like |Link to Comment
  • Gold Down A Quick 5% [View article]
    Nice, was this position in futures? According to the latest COT, there are still too many managed money long positions versus short which makes me think we'll visit 1,600 before 2,000. I'm thinking 1,650.
    Aug 24 12:27 PM | Likes Like |Link to Comment
  • Gold Down A Quick 5% [View article]
    Today's action looks like either a sell program kicked in or stops were hit, in any event gold was begging to be sold due to its recent one sided nature from July. Will be great buy from lower levels.
    Aug 24 11:26 AM | 1 Like Like |Link to Comment
  • Stage May Be Set For A Golden Age Of Natural Gas. Here's How To Invest For It [View article]
    Yeah natural gas! I prefer to invest in the futures myself. You need to be patient however.
    Aug 23 09:38 AM | Likes Like |Link to Comment
COMMENTS STATS
582 Comments
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