Friday, December 2, 2016
Friday, December 2, 2016 Morning Crude Comments from MB
Crude taking small breather, shorts feel more comfortable coming back in above $50-$51. Bulls need to build a floor above $50, bears need to return that as a ceiling.
$51.80 (**) TGT 3 + Resist
$51.52 (*) Higher TGT 2
$51.25 (*) First Higher Target + Some Resist
$50.74 (*) Early Pivot – Sets Bias
$50.20 (**) First Lower Target + Support
$50.00 (**) Psychological ## Target 2 + Support
$49.75 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Friday, December 2, 2016 Morning Bond Comments from MB
Good morning. Bond market unable to get much of a lift even with equity weakness. Hard to think of buying any dips today, I prefer shorting the (***) levels.
151’22 (***)
151’00 (***) Strong Resistance
150’16 (**)
149’12 (*) First Lower Target + Small Support
149’02 (*) Lower TGT 2 + Small Support
149’22 (*) TGT 3
148’12 (**) TGT 4 + Some support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Thursday, December 1, 2016
Thursday, December 1, 2016 Morning Bond Comments
Good day. Again using Mar 17 on the 30 year T bond. Well, Treasuries closed the month as they have trended for much of the month, lower, and now look to be opening the new month in the same direction. The calendar is busy today and I’m not ruling out a bounce in bonds at some point today. My favorite trade is shorting at the resistance zone mentioned.
151’02 (***) TGT4 + Top of Resist Zone
150’28 (**) TGT 3 + Resist Zone
150’21 (*) Higher TGT 2 + Scale Longs
150’14 (*) First Higher Target + Small Resist
150’10 (*) Early Pivot
149’22 (**) First Lower Target + Support Zone Begins
149’18 (*) Scale TGT 2
149’14 (***) Lower TGT 3 + Bottom of Support Zone
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Thursday Morning Crude Comments from MB
Hello. Continuing with a more macro view in CL. For me, a little more challenging to “read” crude over the last couple sessions given the volatility. My favorite idea is to buy $49.50 today with scales in .50 increments up to $51.00.
$51.00 (**) Target 2 + Resist
$50.50 (*) Target 1
$50.00 (**) Pivotal
$49.70 (*) First Lower TGT + Some Support
$49.50 (*) TGT 2 + Some Support
$49.00 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Wednesday, November 30, 2016
Wednesday, November 30, 2016 #PreMarket Morning Crude Oil Comments from MB
Hello, the crude oil market is subject to headline rumor and
fact today, overall I am disinterested with micro levels and am trying to look
at the larger picture. With a $4 buck bounce since yesterday midday, its hard
to take this market extremely seriously. However, I think the best opportunity
will be when/if buy the rumor becomes sell the news. $49.20 from last Tuesday
almost printed this morning, seems to be an area to lean on for a pivot through
this week. I lean toward selling below.
$52.00 (***)
$50.00 (**) Weekly Target Above Pivot + some psychological
resistance
$49.20 (***) Pivotal
$47.20 (*) If short below $49.00, I’d target here initially
$46.25 (**) Target on runner
** I don’t mean to be so biased, typically I make every attempt
to refrain, however, I wouldn’t be buying here although it can certainly go
higher, but I see risk/reward better for a sell the news**
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Wednesday, November 30, 2016 #PreMarket Morning US Treasury Bonds Comments from MB
Good morning. Busy day on the eco calendar, as well as the
months end trade and the roll. I expect to lead to further lower prices amongst
Treasuries.
Note: Overnight, volume moved to the March 17 contract, I am
using those levels today:
152’22 (***) Resist
152’16 (**) TGT 2 + Solid Resistance
152’10 (*) First Higher TGT
152’04 (*) Early Pivot
151’24 (**) Lower Target + Support
151’19 (**) Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Tuesday, November 29, 2016
Tuesday, November 29, 2016 Morning Bond Comments from MB
Good morning. Heavier calendar could lead to a volume pickup. I like fading the resistance areas but also want to buy in the support zone with smaller size. Of course, some of the 7:30 am cst eco releases could change some of this outlook.
I’m still using Dec 16 numbers on the US T Bond
154’11 (**) Resistance
154’04 (**) TGT 2 + Resistance
153’27 (**) First Higher Target + Resistance
153’11 (*) Early Pivot
153’06 (*) First Lower Target + Small Support
153’00 (**) Second Lower Target + Support Zone Begins
153’27 (**) TGT 3 + Mid Support Zone
152’22 (***) TGT 4 + Bottom of Support Zone
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Tuesday, November 29, 2016 #PreMarket Morning Crude Oil Comments from MB
Hello again. The buy the rumor last week seems to be resulting in a sell the news now as OPEC deal seems less certain. I’m watching the Jan 17 contract.
Please note I am settling into giving CL commentary so give me a couple days to “break in” please.
$47.00 (***) Target 2 + Stronger Resist
$46.65 (**) First Daily Target + Resistance
$46.10 (*) Early Pivot – Sets Bias
$45.75 (*) First Lower Target
$45.20 (**) TGT 2 + Some Support
$45.00 (***) Longer Term Pivot
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
