Futures Now: Blog


  Thursday, 7 Mar 2013 | 11:54 AM ET

How to Play the Range in Crude

Posted By: Rich Ilczyszyn
Heat rises from stacks at the Chevron refinery in Richmond, California.
Getty Images
Heat rises from stacks at the Chevron refinery in Richmond, California.

Crude oil's trading range provides a great opportunity.

Crude traded surprisingly well late in the day yesterday, after clearing stops below Wednesday's $90 low.

(Read More: Chavez's Death Not Bullish for Oil: Gartman)

Crude continued to the upside even as the dollar continued higher — likely on speculation of more asset purchases by the Bank of Japan. This did not end of happening, and the non-event actually pulled the dollar back slightly off of the highs, allowed crude to hold against its swing highs and current action at $90.75.

»Read more
  Thursday, 7 Mar 2013 | 11:29 AM ET

Which Is Better Right Now, Stocks or Bonds?

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Wall Street traded higher on Thursday, buoyed by data that suggested the jobs market was getting stronger.

The Dow Jones hit an intraday record for the third session in a row, climbing as high as 14,344.95 after initially breaking into uncharted territory on Tuesday.

A strengthening economy and loose monetary policy by central banks around the world have pushed U.S. stocks higher this year. While some expect the market will ease off its current lofty levels, so far dips have been short-lived as investors look for an opportunity to buy.

Market bears however, argue that the stock market is currently overbought and that stocks face serious headwinds such as the impact of the sequester. Skeptics remind that the broader S&P 500 sits more than 1 percent below its record close. They say, if anything, now is the time to sell stocks and get defensive.

And that takes us to our Futures Now poll of the day.

»Read more
  Wednesday, 6 Mar 2013 | 12:49 PM ET

Why Traders Are Getting Into Natural Gas: Iuorio

Posted By: Jim Iuorio
Natural gas pipelines
Getty Images
Natural gas pipelines

Have you looked at a chart of natural gas lately? (There's one below) If so, you may have noticed that last week, it managed to break out of a well-defined downtrend.

So what's behind the strength?

For starters, U.S. natural gas production has fallen for the first time since August, probably due to reduced rig count.

»Read more
  Wednesday, 6 Mar 2013 | 12:44 PM ET

Precious Metal Watch—Key Level for Gold: Ilczyszyn

Posted By: Rich Ilczyszyn
Ulrich Baumgarten | Getty Images

Gold is consolidating, but look for a breakout by week's end.

Gold failed at major resistance yesterday, only putting in a high of $1585.8 before selling off to test support at $1,570. Since then, the market has been able to hold $1,570, but has not been able to get the upwards volatility seen early yesterday.

»Read more
  Tuesday, 5 Mar 2013 | 5:57 PM ET

Traders React: What Chavez Death Means for Oil Market

Posted By: Alex Rosenberg

The death of Venezuelan President Hugo Chavez leaves open the presidency of the fourth largest oil exporter to the United States.

(Read More: Venezuelan President Hugo Chavez Has Died, VP Says)

So should we get set for market-rocking political tensions that could drive oil prices screaming higher? Perhaps not.

»Read more
  Tuesday, 5 Mar 2013 | 2:26 PM ET

Doug Kass: I Blew It On Apple Target

Posted By: Drew Sandholm

Seabreeze Partners founder Douglas Kass admitted on Tuesday what a growing number of analysts have been forced to acknowledge as Apple's slump deepens: he may have been all wrong.

The tech giant's shares have tumbled by more than 40 percent from its highs above $702 hit last September. Since then, most Apple watchers have clung to the belief the iPhone maker could turn things around.

Yet as all three major averages pushed higher Tuesday, with the Dow Jones Industrial Average shooting up to its highest level ever, Apple's stock has been left in the dust.

»Read more
  Tuesday, 5 Mar 2013 | 12:17 PM ET

Will the Dow Hit 15,000 This Year?

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Stocks held near session highs Tuesday, with the Dow Jones Industrial Average shooting up to its highest level ever, following an upbeat ISM non-manufacturing index and amid ongoing monetary support from the Federal Reserve.

So far, the Dow is up nearly 9 percent in 2013, surpassing the 7.3 percent gain for all of 2012.

(Read More: Dow Smashes Record: End of the 'Lost Decade'?)

»Read more
  Monday, 4 Mar 2013 | 10:51 AM ET

Why Ben Bernanke Hasn't Helped Commodities

Posted By: Anthony Grisanti
Federal Reserve Board Chairman Ben Bernanke
Getty Images
Federal Reserve Board Chairman Ben Bernanke

It seems the Fed has failed to spark a spike in commodities.

Federal Reserve Chairman Ben Bernanke strongly reiterated the value of qualitative easing in his semi-annual testimony before Congress last week. He made it clear that QE, the Fed's low interest rate policy, could continue well into the future. What makes this significant is that there has been some dissension within the Fed, and some seem to believe that the policy should end early.

So if QE is the Fed's policy, why has the U.S. dollar been so strong of late, and why has gold failed to hold above $1,600?

(Read More: Gold's 'Death Cross' Could Tarnish the Yellow Metal)

»Read more
  Monday, 4 Mar 2013 | 10:42 AM ET

Why This Metal's Fall Is Bad for Stocks

Posted By: Jim Iuorio
Oliver Bunic | Bloomberg | Getty Images

It's a metal whose performance tends to track the S&P 500 — copper. And over the past two weeks it's been falling like lead.

So with stocks soaring, what's the problem?

(Read More: Stocks Lower on China; AAPL at 52-Week Low)

Well, copper futures have been driven down by attempts by the Chinese government to take the air out of an impending real estate bubble. Stricter down payment ratios and higher taxes on speculative property are among several measures that could be implemented.

»Read more
  Friday, 1 Mar 2013 | 3:04 PM ET

Pro: Too Many Headwinds Facing Crude Oil

Posted By: Drew Sandholm

Facing a myriad of headwinds, Brent crude oil slipped to a six-week low below $110 per barrel on Friday, prompting some professional traders to think black gold will likely suffer further declines.

From U.S. dollar strength to weak economies in Europe, pro trader Anthony Grisanti said there are many factors driving oil prices lower.

(Read More: Brent Crude Slips to $110 on Global Growth Worries)

»Read more

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