Tuesday, January 3, 2017 Morning Crude Comments from MB

Tweet Tuesday, January 3, 2017 Morning Crude Comments from MB

Impressive rally in crude oil overnight. I can’t find anywhere to sell with forthought, and I have no conviction to step in front of this trend, therefore looking to buy a dip. I like buying the levels below today, risking .20 to make $1.00
 
$54.50 (*) Support
 
$54.00 (**) Support
 
$53.50 (***) Support
 
All the best;


Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, November 30, 2016 Morning Crude Comments from MB

Tweet Friday, November 30, 2016 Morning Crude Comments from MB

Hello. I like selling $54.20 today risking .20 to make .50 also selling $54.50 risking .20 to make .75. I also like buying $53.40 risking .15 to make .50 and buying $53.05, risking .20 to make .50.


$54.50 (***) Third Higher Target + Best Resist

$54.27 (**) Second Higher Target + Better Resist

$54.04 (*) First Higher Target + Resist

$53.80 (*) Early Pivot

$53.60 (*) First Lower Target + Support

$53.38 (**) Second Lower Target + Support

$53.04 (***) Third Lower Target + Support



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, December 23, 2016 Morning Crude Comments from MB

Tweet Friday, December 23, 2016 Morning Crude Comments from MB

I like selling $53.20 risking .20 to make .50, or selling $53.60, risking .20 to make .75 or buying $52.07 smaller, risking .15 to make .35.



$53.60 (***) Third Higher Target + Resist

$53.20 (**) Second Higher Target + Resist

$52.78 (*) First Higher Target + Small Resist

$52.55 (*) Early Pivot

$52.07 (*) First Lower Target + Some Support

$51.82 (*) Second Lower Target

$51.57 (**) Third Lower Target + Support


All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Monday, December 19, 2016 Morning Crude Comments from MB

Tweet Monday, December 19, 2016 Morning Crude Comments from MB

I don’t have an early pivot to set bias today. I like selling $53.00 on a bounce and adding at $53.20, using a .25 stop to earn $1.00. I think buying $52.13 with a .20 stop to make .50 is a fair trade.

$53.40 (***) Third Higher Target + Better Resist

$53.20 (**) Second Higher Target + Good Resist

$53.00 (*) First Higher Target + Some Resist

$52.13 (*) First Lower Target

$51.85 (*) Lower Target 2

$51.57 (**) Third Lower Target + Better Support

$51.11 (***) Pivotal



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, December 16, 2016 Morning Crude Comments from MB

Tweet Friday, December 16, 2016 Morning Crude Comments from MB

Volume finally moving into the Feb contract with the overnight volume slightly higher than the Jan. So all levels are CLG7 now.

I like buying $51.60, risking .20 to make .50 or selling $52.88, risking .20 to make .50 and selling $53.15, risking .25 to make $1.00

$53.18 (***) TGT 3 + Resist

$52.88 (**) TGT 2 + Resist

$52.55 (*) First Higher Target + Some Resist

$52.36 (*) Early Pivot

$51.97 (*) First Lower TGT

$51.58 (**) TGT 2 + Support

$51.10 (***) TGT 3 + Support


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, December 16, 2016 Morning Bond Comments from MB

Tweet Friday, December 16, 2016 Morning Bond Comments from MB

Return to orderly Treasury future trade yesterday. The 30 year trying to build at least a temporary floor. Over the last few weeks it has been normal to see about three sessions sideways to higher leading to a 2-3 handle bounce and then sellers reinitiate. I think the path of less resistance today, is weakness during the morning at least.

I like being short right now 148’24 as volume comes in at the open with a 8 tick stop looking for the first lower target. I like buying 148’12 small, with the potential of adding at 148’02, risking 10 ticks on the average, while looking for a bounce back to 149’00, or 24-25 ticks.

I like selling 149’16 and adding at 149’24, using a 12 tick stop on the average while looking for 32 ticks.


149’24 (***) Third Target + Best Resist

149’16 (**) Second Target + Better Resist

149’08 (*) First Higher Target + Small Resist

149’00 (*) Early Pivot

148’12 (**) First Lower Target + Some Support

148’02 (***) Second Lower Target + Better Support

147’04 (***)


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Wednesday, December 14, 2016 Morning Crude Comments from MB

Tweet Wednesday, December 14, 2016 Morning Crude Comments from MB

Hello. Volume is still in the Jan CL future so I am continuing to use that. Crude seems to be lingering lower to fill the gap from Friday’s close. This market is technically bullish, as well as fundamentally and seasonally bullish (short term, with some variations). Crude could be vulnerable to some excitement today with EIA # and FOMC.

Only place I am looking to buy is $51.50, risking .25 to make $1.00. I like selling $53.10, risking .20 to make .50




$53.40 (***) TGT 5 + Resist

$53.20 (**) TGT 4 + Resist

$53.00 (**) Third Higher TGT + Resist

$52.80 (*) Second TGT + Small Resist

$52.53 (**) First Higher Target + Some Resist + Bears Make their stand here

$52.18 (*) Early Pivot

$51.90 (*) First Lower Target + Small Support

$51.48 (***) Second TGT + Pivotal Support + Bulls can’t lose

Below $51.48 I’m watching round numbers $51.00, $50.50, $50.00 etc


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Tuesday, December 13, 2016 Morning Crude Comments from MB

Tweet Tuesday, December 13, 2016 Morning Crude Comments from MB

Seems like crude gave bulls a gift yesterday giving them an opportunity to buy in regular session. Now bulls need to make higher lows and higher highs. I like fading the resistance zone, starting small at $53.70 adding small at $53.80 and $53.90. Risking .25 on ave to make .75 on ave. I like buying $52.60 small, risking .20 to make .50.


$54.50 (***) Target 3

$54.20 (*) Target 2

$53.90 (**) Top of Resist Zone

$53.80 (*) First Higher Target

$53.70 (*) Resistance Zone Begins

$53.45 (*) Early Pivot

$53.00 (*) First Lower Target

$52.60 (*) Second Lower TGT + Some Support

$52.15 (**) TGT 3 + Better Support

$51.80 (*) TGT 4

$51.50 (***) TGT 5 + Pivotal Support



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, December 9, 2016 Morning Crude Comments from MB

Tweet Friday, December 9, 2016 Morning Crude Comments from MB

Crude recapturing $50 handle yesterday now aiming for higher prices. I like selling the $51.95 price risking .35 to make 1.00, also like selling the $52.20, risking .25 to make 1.00. I like buying the $51.00 handle risking .25 to make .50.


 $52.20 (***)

$51.95 (**) Second Higher Target + Resist

$51.55 (*) First Higher Target + Small Resist

$51.20 (*) Early Pivot

$50.95 (**) First Lower Target + Support

$50.70 (*) Second Target

$50.45 (**) Third Target + Support

$50.00 (***)



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Thursday, December 8, 2016 Morning Crude Comments

Tweet Thursday, December 8, 2016 Morning Crude Comments

Crude $50 gave way, intraday charts showing lower highs and lower lows, now the question is, how sufficient is a 5% pullback?

If the morning is slow to moderate in terms of volatility, I like buying $49.70 with small size, risking .25 to make .50, or selling the $50.45 price risking .25 to make .75.

 $51.00 (***)

$50.75 (*)

$50.45 (**) First Higher Target + Bears need to Defend

$50.00 (**) Pivotal

$49.70 (**) First Lower Target + Support

$49.39 (*) Second Lower Target

$49.08 (*) Third TGT + Some Support


All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Wednesday, December 7, 2016 Morning Crude Comments from MB

Tweet Wednesday, December 7, 2016 Morning Crude Comments from MB

Crude now having trouble with the $51.00 handle, increasing the likelihood we get a test of the $50.00 psyschological/technical level today. Given the EIA # today, going to have to widen entry criteria at least somewhat depending on volatility.

My ideas for the day do not include holding any position into the 9:30 # without a break even stop. However, a first hour (8:00-9:00 cst) or 10:30 - later test of $50.00 I like buying risking .15 to make .45. I’d also attempt to buy $49.70 anytime today, risking .25 to make .75.

From the sell side, I like selling $51.00 and adding at $51.20, risking .25 on the ave, while targeting .75.

$51.25 (***) TGT 3 + Strong Resist

$51.00 (**) TGT 2 + Stronger Resist

$50.75 (*) First Higher Target + Some Resist

$50.50 (*) Early Pivot

$50.20 (*) First Lower Target

$50.00 (**) Second Target + Support

$49.70 (**) Thirdy Target + Support

$49.10 (***)



All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Tuesday, November 6, 2016 Morning Crude Comments

Tweet Tuesday, November 6, 2016 Morning Crude Comments

One of my ideas triggered yesterday, buying $51.10 looking for a .50 move, and we just barely got that overnight, and this morning Crude is looking weak after making a lower high, now it’s making a lower low as it appears that the $50 price could be tested soon.

I think over $50, and I still have to look to buy dips. My idea for the day is buying $50.20 small and adding at $50.00, risking .25 to make .75.

$51.60 (*) Second TGT + Some Resist

$51.30 (*) First Higher Target + Some Resist

$51.00 (*) Early Pivot

$50.50 (*) First Lower Target + Some Support

$50.20 (*) Lower Target 2 + Some Support

$50.00 (***) Pivotal

$49.70 (**)


All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Monday, December 5, 2016 Morning Crude Comments from MB

Tweet Monday, December 5, 2016 Morning Crude Comments from MB

Hello. Crude oil futures been holding the $50 handle as a floor, thus leading to higher prices.

I like buying the $51.10 level, risking .25 to make .50 or selling $52.85 (the halfway marking beween $52.70 and $53.00) risking .25 to make .75


$53.00 (***)

$52.70 (**) TGT 3 + Resist

$52.40 (*) TGT 2 + Some Resist

$52.10 (*) First Higher Target

$51.80 (*) Early Pivot

$51.40 (*) First Lower Target + Small Support

$51.10 (*) TGT 2 + Small Support

$50.20 (**)


All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

Friday, December 2, 2016 Morning Crude Comments from MB

Tweet 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

Tuesday, November 29, 2016 #PreMarket Morning Crude Oil Comments from MB

Tweet 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

Thoughts and #CL_F Levels for Monday, July 27, 2015

Tweet Thoughts and #CL_F Levels for Monday, July 27, 2015

CLU5 will now have to first get above 48.15-48.35 zone then above 48.60-49.10 zone in order to negate the stair step formation continuing lower to 46.60 then 45s.

If above 49.10 there is a good amount of resistance at 51.05-51.25 zone which must be regained otherwise any rallies &/or pops this week will likely just be intraday Short opportunities. 

Ethan Premock

Futures & Options Strategist
Hamzei Analytics, LLC

Thoughts and #CL_F Levels for Thursday, July 16, 2015

Tweet Thoughts and #CL_F Levels for Thursday, July 16, 2015

The 51s support for CLQ5 remains key for swing Long potential; however current bias is still more on the neutral side while above 51s and below 53s but as I said earlier this week everyday day that goes by above 51 I favor the swing Long potential more and more.

If a breach and close below 51 I also think downside could be limited to 48.50-47.75 zone so my interest in Shorting CLQ5 will not come until higher levels.

Ethan Premock

Futures & Options Strategist

Hamzei Analytics, LLC