TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY: NYMEX CRUDE OIL BOUNCE

After it looked like CRUDE OIL may retest the previous lows that we saw back on May 15th at $92.40/barrel, instead we've seen the market rebound to the highest price in about a week

MY COMMENTARY

The price of oil fell below $94 a barrel after a survey showed crude inventories on the increase. Benchmark oil for June delivery was down 38 cents to $93.92 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 9 cents to finish at $94.30 a barrel on the Nymex on Wednesday. U.S. crude supplies for the week ending May 10 rose 181,000 barrels to 390.2 million from the prior week. Ample supplies and predictions of tepid global growth have kept crude prices muted.

Gold futures prices rose 0.25% to Rs 27,141 per 10 gm as speculators enlarged their positions on the back of a firm global trend. Gold for delivery in far-month August rose Rs 62 or 0.25% to Rs 27,141 per 10 grams with a business turnover of 174 lots. In a similar fashion, the metal for delivery in June moved up by Rs 60 or 0.24 per cent to Rs 26,914 per 10 grams with a trade volume of 792 lots.

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY: CRUDE OIL WAS OVER BOUGHT AFTER ALL OR NOT

As the NYMEX CRUDE OIL market rallied off of the lows on April 18th of 85.50/barrel into a a SUPER TREND up that began on May 2nd when we got the "cross" we finally got the proof I was looking for today(5/10/13/), that we where over bought......or not.

MY COMMENTARY

Fundamentally, there is enough CRUDE stockpiled

The price of oil fell below $96 per barrel on after signs of improvement in U.S. employment sparked speculation that the Federal Reserve might scale back its aggressive monetary policy. Benchmark crude for June delivery was down 53 cents to $95.86 per barrel in electronic trading on the New York Mercantile Exchange. The contact lost 23 cents to finish at $96.39 a barrel on the Nymex on previous trading session.

Gold consumption in China, the world’s largest user after India, jumped 26% in the first 3-months of 2013 from a year ago amid strong bullion sales and rising jewelry demand. Total consumption reached 320.54 metric tons in Q1. Purchases of gold bars surged 49% to 120.39 tons, while jewelry gained 16% to 178.59 tons. Gold output in China, the world’s largest producer, gained 11% in the same period to 89.91 tons.

International Gold is moving nearer to $1475 and trying to make a new high. Moreover, MACD is making zig-zag pattern nearer to neutral level in hourly chart, which indicates "no trend" for next few hours.

Gold will take support at $1471, which is an exponential moving average of 34 in hourly chart. No data is scheduled today regarding International Gold.

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY:THE DOW AND THE S&P CLOSE AT RECORD HIGHS

With yet another bullish non-farm payroll report and equities at all time record highs, in my view, this could pose amazing opportunities in equity futures

MY COMMENTARY

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

GRAIN TECHNICALS: GRAIN TECHNICALS: CORN, WHEAT, NOW SOYBEANS AGAIN!

Whether you are on the right side or the wrong side of the ag's these markets are making some big moves lately and in my opinion have been a great deal of fun.

MY TECHNICAL COMMENTARY

International Gold is staying at $1471, and not showing much movement in intraday basis. There is not much important data for Commodities market today. Previous trading session's high will perform as major resistance. Price line volatile today.