Seeking Alpha

Chris Bersaw

Chris Bersaw
Send Message
View as an RSS Feed
View Chris Bersaw's Comments BY TICKER:
Latest  |  Highest rated
  • Is Gold Foreshadowing A Stock Market Implosion? [View article]
    Here is my take on gold, it was a crowded trade on the long side in a downtrend from the last failure to exceed 1,800. This time however, counter trend rallies were unable to break out of the downtrend which further motivated the sellers. It was only a matter of time before more longs sold. I have 1436 as likely downside target but that level won't matter if there is more liquidation.
    Apr 14 11:47 AM | 2 Likes Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    There is more then just short covering here, new buying is present, today's move was technically significant.
    Apr 6 01:18 AM | Likes Like |Link to Comment
  • More on Nonfarm payrolls: January and February payrolls are revised higher by a combined 61K, taking some of the sting out of the big headline miss. Average workweek +0.1 to 34.6 hours. Average hourly earnings little-changed at $23.82. The labor force participation rate slides to 63.3% (lowest since 1979) from 63.5% - there's your headline unemployment rate decline. [View news story]
    More people continue to LEAVE the labor force, seriously doubt this happens during economic expansions.
    Apr 5 09:44 AM | Likes Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    Not correct, commercials are net short by -69,060 and large specs net long by 65,040, that's why we are trading shy of 4.000, funds are buying. The longer we stay at these levels increases the risk of profit-taking when these longs sell for whatever reason.
    Apr 4 07:51 PM | 2 Likes Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    First prices need to get back over 3.965 which is turning out to be a struggle at present, if it can do that, next upside is 4.257 so it might be a while before we see that level, let alone 4.500.
    Apr 4 10:53 AM | 1 Like Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    The move up in NG from the Feb lows was mainly due to short-covering and all it will take is one inventory miss to result in profit-taking which could easily take prices under 3.500. Its not a question of if this will happen but when.
    Apr 4 09:18 AM | 2 Likes Like |Link to Comment
  • Is The Natural Gas Rally Over? [View article]
    In other words, profit taking.
    Apr 1 03:09 PM | 1 Like Like |Link to Comment
  • Commodity Chart Of The Day: U.S. Dollar - The Almighty Greenback [View article]
    I'm looking for a trade back to 81.50 but not much more below that level as there exists a lot of support.
    Mar 22 04:03 PM | Likes Like |Link to Comment
  • Commodity Chart Of The Day: Natural Gas [View article]
    I wouldn't sell this market just yet, still too many shorts in a rising market approaching new highs (of the move) which could result in more short-covering easily putting 4.000 within reach.
    Mar 11 09:53 PM | Likes Like |Link to Comment
  • Today In Commodities: Natural Gas Gains [View article]
    I'm friendly toward wheat as long as it remains over 696, that level held again yesterday which was good to see given the new selling.
    Crude looks like it might challenge 89.00 and if that level holds it could be worth a buy.
    Mar 5 11:44 AM | Likes Like |Link to Comment
  • Today In Commodities: Stocks Continue To Slide [View article]
    Wheat is approaching a support area from 6.85 to 6.95 so it should hold on a downside challenge especially given the favorable price action in corn and soybeans. Otherwise we could see at least another 60 cent depreciation from current levels.
    Feb 25 08:21 PM | Likes Like |Link to Comment
  • FOMC Minutes: Opponents of the Fed's QE program are increasingly outspoken, but there's no apparent swaying of the minds of the majority. Several argue for a tapering of purchases before the employment situation substantially improved. [View news story]
    Setting up for a buying opportunity in gold.
    Feb 20 02:21 PM | Likes Like |Link to Comment
  • Commodity Chart Of The Day: Natural Gas [View article]
    The injection season hasn't started yet.
    Feb 19 04:45 PM | Likes Like |Link to Comment
  • Commodity Chart Of The Day: Natural Gas [View article]
    Simple short-covering, but not to be underestimated however. I would rather wait to sell high as in the past profit-taking usually follows such short-covering rallies.
    Feb 19 04:09 PM | Likes Like |Link to Comment
  • The Corn Market Looks Like A Short [View article]
    Corn is entering a support zone so have to see if the 681 area can continue to hold, if not then could see a trade to 620.
    Feb 15 03:38 PM | Likes Like |Link to Comment
COMMENTS STATS
582 Comments
288 Likes