Recent Articles in Commodity Reports

The pullback we were looking for was short lived at the MFU-3 level. We are going back to a long position with the anticipation of a strong leg ahead. We remain long XOP and would be adding here.

The March Copper is very close to our MFU-5 target of $3.9447, slightly above the regression trend channel and with momentum divergence.

Gold has struggled to get anything more than a short-term rally off the recent MOB band in the $1780 area. We have price into another MOB target band which, if broken, will likely lead to another leg down.

We have been long since December 3 with an upside target of $61.50 at the MFU-3 level. As noted in our recent note, "this is a place to look for a pause."

In our February 8 Technical Tuesday report, we highlighted the bullish base developing in Natural Gas, and we had an MFU-4 target of #3.25, +11% from that point in time. We are close to approaching that level, and given the strong money flow accumulation, that price target has a strong chance of being exceeded.

As an add on to the note sent out this morning, we would be adding to the XOP right here.

Attached we have the chart of the March WTI Crude Oil futures with an upside target of $62 from here. We also highlight seven long ideas in the sector that screen well in our work. Below is the list of the long ideas.

Stopped out of Gold as price just broke the MOB support band

In the attached PDF we review WTI Crude Oil, where the March futures is the front month. We get a target in the $61.50 - $65 area, and with the breakout in price, we would be adding to longs right here.

In the attached PDF, we highlight the gold futures contract that has a bullish setup based on the weekly profile.

We wanted to pass this along from Zerohedge as an important note on precious metals, particularly silver.

Our last buy signal was on January 11 when we had February gold turn up from an ellipse buy signal. The long position remains in play and we would be adding to the position right here. The weekly chart below has a very bullish setup.

We traded out of the long position in XOP when price came into the MFU-3 target, which 70% of the time resulted in a pullback. We got the pullback and now have an ellipse buy signal in place.

We are out of the long trade with a gain +16.09%. Our hedge for the pair trade was the SPY, and there the return was -2.40%. The pair trade returned +13.69%

We will look to add to the long on a move above $1860.