http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-16.htmlGeneral Comments A new promotion gives subscribers to my premium trade recommendation service, Mound Trade Signals, a signed 1st edition of my book 7 Secrets Every Commodity Trader Needs to Know and a 2010 Commodity Wall Calendar absolutely free just for signing up! At the current $29 introductory rate* I encourage everyone to take advantage of this Special offer . Energies I believe was have seen an intermediate term top in energies and see Wednesday's bearish surprise inventory report as aMon, 16 Nov 2009 09:03:37 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-16.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-09.htmlGeneral Comments The overwhelming response to our new website leads me to believe that maybe my readers didn't know that the Weekend Review is just a summary and outlook report I have put out for years, but that Mound Trade Signals is the real report with actual trade recommendations and important trade related information. For those that haven't seen it there is a sample report and additional information on the service nd currently there is introductory pricing for $29, so I hope you take aMon, 09 Nov 2009 09:14:06 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-09.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-02.htmlGeneral Comments It feels like I have been away for some time - between the holiday weekend and a bad flu the free WCR newsletter has taken a back seat in recent weeks so please accept my apologies. Thank you for all the emails and phone calls inquiring about the commentary and no the WCR is not finished - the dollar is a long ways from 70! I have been writing this report for quite some time and do not have any plans to stop writing it anytime soon, but if you want a more consistent weeklyMon, 02 Nov 2009 12:21:43 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-11-02.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-10-19.htmlGeneral Comments A quasi holiday week ends on a strong note for stocks and commodities suggesting my recent price forecasts are a bit off, or at least poorly timed. I am not a sugar coater so there is no way to look at oil breaking out, gold setting new contract highs, and the S&P approaching 1100 and say anything other than the markets' turned the other way. The question going forward, however, is whether or not this move is the real deal.  The way I look it is from the perspectiveMon, 19 Oct 2009 13:45:52 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-10-19.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-10-05.htmlGeneral Comments The dollar began its bull turn last week and the negative market sentiment has started. Declining consumer confidence, rising unemployment and a nasty negative GDP are all major economic data points to bring recession fears to the forefront for many investors. Look for continued pressure on stocks and commodities and a rising dollar and bond market as the world experiences its first big bump in the road to recovery. Energies Oil has supported briefly as concerns over Iran takeMon, 05 Oct 2009 13:24:28 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-10-05.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-09-28.htmlGeneral Comments Last week the turn happened, and by that I mean the psychology of the market changed. This was not a pause in the rally and it was not a momentum change. It was a psychological turn where bullish news is likely to be downplayed and participants will be looking for reasons to sell the stock market and rally the dollar. Gold was a leading indicator as some selling came in at what many would have thought as too early - the market never even really tested the highs. This is oftenMon, 28 Sep 2009 12:47:54 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-09-28.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-09-14.htmlGeneral Comments What happened in the past two weeks? If you look on the surface at the action we have seen over the past two weeks you would have to say my dollar and metals forecasts are all wrong. After all, if we are coming out of a recession (which recent data indicates) then the stock market would continue higher and the dollar would likely fall. Well, on the surface it is just that - we need to dig a little deeper to see real underlying action here. In my opinion, this is just a giantMon, 14 Sep 2009 12:05:20 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-09-14.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-31.htmlGeneral Comments Last week saw very little in the way of real price action and set up some congestion ahead of volatility expected this week. I continue to expect a strong dollar rally, stock market decline and weaker commodity prices ahead. Energies Crude oil resisted out below the recent highs, suggesting a weak buying interest at these levels without further bullish catalysts. The real story here is the fall of natural gas, disproportionately collapsing compared to other energy markets. IMon, 31 Aug 2009 11:52:44 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-31.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-25.htmlGeneral Comments The week ahead will be driven by a complete failure in the stock market. The recent momentum buying that occurred off the half hearted pullback is about as obvious of a bull head fake as I have seen in a while - this is my humble opinion of course. Sell into the stock market surge and expect a dollar run and commodity pullback as anticipated this week. Energies Oil surged through the secondary top that had formed two weeks ago and appears very bullish on a technical level. ITue, 25 Aug 2009 08:27:54 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-25.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-10.htmlGeneral Comments Last week I talked about the dollar and the merits behind the short and long term bullishness of the dollar against currencies like the euro and pound. Let's face it. Newsletter writers are a dime a dozen. Some figure out how to write just enough ambiguous commentary to never take a stand and others forecast just enough to show they can't forecast much at all. Very few ever take a real stake in what they predict. The dollar is such a strong element to my forecast forMon, 10 Aug 2009 09:31:22 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-10.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-03.htmlGeneral Comments I caught a lot of flack these past couple of weeks because I am calling for a dollar rally without giving too much of an explanation. I try every week to fit market forecasts on every major market and touch on a few special issues in a consolidated report. Sometimes I may have to leave a few details out to make it the quick read many of you have come to appreciate. That is why I offer a premium service, www.moundtradesignals.com , so I can expound upon my views with trades andMon, 03 Aug 2009 13:01:30 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-08-03.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-07-27.htmlGeneral Comments Last week's Mid-Year Review and Outlook discussed some important elements to the second half of 2009. The key element, which has been a major theme for several months, is the U.S. dollar. This week expect the dollar to reverse its current downtrend and offer an impressive move higher amid a metals meltdown and commodity slamdown. Timing is everything in this business and you can't be afraid to call'em like you see'em and this week appears to be the turning point for theMon, 27 Jul 2009 07:23:13 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-07-27.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-07-20.htmlGeneral Market Comments The first half of 2009 brought three critical events to the futures industry which sets up quite an unexpected second half of 2009: Obama Bailout The inauguration of President Obama brought massive uncertainty to the markets as the foundation of the biggest government bailout in our history was formed. The question quickly became whether the bailout was a small band aid to delay a hemorrhaging economy or a crutch for a world recovering from getting taken out at theMon, 20 Jul 2009 09:50:35 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-07-20.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-29.htmlEnergies On a technical level crude oil's choppiness from this week makes this a very difficult short term trading period. The support occurred above the June 3rd low and sets up a potential bull pennant, but the gut says don't buy the support. The market is likely to break the low from this week and head towards $63, bringing the energy sector as a whole down about 5-10% over the next several weeks. The root of the lower price forecast comes from three critical areas: a strong dollar, risingMon, 29 Jun 2009 09:14:22 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-29.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-22.htmlEnergies Oil has likely topped in the near term and commodities in general have crossed over both technically and fundamentally. Expect a strong push back to $63 in front month crude oil and similar declines across the energy sector. This week may offer some choppy trade, but do not be fooled as the trend is still negative. Financials The market went and tested 900 as expected but quickly supported out, suggesting the market is inclined to buy the dips. I still see a two steps forward and oneMon, 22 Jun 2009 10:04:02 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-22.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-15.htmlEnergies Energy prices continued to run higher last week as surprising inventory drops and short covering were catalysts to this run through $70 in crude oil. My resistance target area around $75 is about to get tested and that means now is the time to develop short term bearish plays on oil and gas. The dollar is about to bounce and if and when it does there is likely to be a bear move in commodities. Financials A choppy stock market is whipping short term minded traders around whileMon, 15 Jun 2009 07:33:50 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-15.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-08.htmlEnergies Energy prices continue to soar as a lagging reaction to sustained economic recovery, or at least the idea of sustained economic recovery. Oil prices have broken well outside previous resistance ahead of summer driving and hurricane seasons, showing strong short covering and a clear bullish tone. In essence this move has spurred much of the commodity rally we have seen in recent weeks. So what's the big to do? Simply, the U.S. dollar is getting slammed and foreign demand is spiking.Mon, 08 Jun 2009 09:27:01 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-06-08.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-18.htmlEnergies Declining inventories surprised many analysts this week, which helped to further the trend of short covering amid a solid bounce in the global economy. In the end energy prices are composed of Middle East supply and consumer usage/demand. The latter is mainly determined by travel and general spending habits, which have both been severely hampered during this recession. As the economy turns and supply remains static it will push prices higher. Throw in some short covering due toMon, 18 May 2009 11:26:12 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-18.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-11.htmlEnergies After months in a congestive channel oil finally brokeout to the upside and appears to be experiencing some strong buying from some funds and specs. There just does not seem to be anyone coming in and selling this push and that could mean a big move higher for oil and its derivatives in coming months. We are approaching summer driving season, consumer confidence and hopefully spending are on the rise, and of course there is always the geopolitical and hurricane risk. Financials TheMon, 11 May 2009 09:15:25 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-11.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-05.htmlEnergies What is going on with oil? On one hand we have rising crude inventories playing against declining gasoline storage, and on the other hand we have a choppy currency market and possible sentiment change in the global economic outlook. Fundamentally the energy sector is bullish. However if the dollar remains strong it will dampen the bulls' hopes of a strong breakout rally. This market appears to be setting up a major spike on a few weak dollar days. The gasoline inventory issue is aTue, 05 May 2009 10:16:34 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-05.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-04.htmlEnergies What is going on with oil? On one hand we have rising crude inventories playing against declining gasoline storage, and on the other hand we have a choppy currency market and possible sentiment change in the global economic outlook. Fundamentally the energy sector is bullish. However if the dollar remains strong it will dampen the bulls' hopes of a strong breakout rally. This market appears to be setting up a major spike on a few weak dollar days. The gasoline inventory issue is aMon, 04 May 2009 07:59:46 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-05-04.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-27.htmlEnergies The sideways action in crude oil is turning many bulls into bears, but impatience is not necessarily a good thing. Until June cracks $46 I continue to see the current action as congestion without bias. Natural gas is slowly becoming a great bull energy play as industry participants continue to exaggerate the bearishness of the situation and likely setup a cyclical supply turn to the upside. Financials Stocks remain choppy near the highs but lacks momentum. Look for a clean breakoutMon, 27 Apr 2009 08:46:16 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-27.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-20.htmlEnergies Crude oil supplies continue to skyrocket as refineries play passive to the current demand plunge. This is a recipe for disaster and a heck of a lot of exposure to hurricane panic and global demand spikes. This market is channeling and could very easily slip downward if the news continues to be stagnant. Until this market breaks to $44 or $56 I wouldn't get in the middle of the battle. Gasoline seems most exposed to this refinery slacking, but I would only get long term bullish becauseMon, 20 Apr 2009 06:29:34 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-20.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-06.htmlGeneral Comments For the past couple of weeks I have been visiting Vietnam and exploring the coffee fields - my apologies for not getting the WCR report out to my loyal readers. This is our free report here at moundreport.com and not always a priority as I do research for clients and subscribers to our premium trade service. Unfortunately next week there will be no report in observance of the Good Friday and Easter holidays. Want more from us? Sign up at www.moundtradesignals.com and don'tMon, 06 Apr 2009 13:03:14 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-04-06.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-03-16.htmlGeneral Comments This week's WCR report will be formatted a bit differently as there are some key issues worth discussing within a non-sector focused structure. China's comments, Sunday's OPEC meeting, G-20, FOMC and some key economic reports all make this week ahead about as potentially explosive as we have seen in some time. China Syndrome I have been writing the WCR for about a decade and I have tried over that time to make this newsletter less about the news and more about the action onMon, 16 Mar 2009 11:03:28 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-03-16.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-02-09.htmlGeneral Comments February will be a month to remember for the second year in a row and I added a little extra hot sauce to this week's market dish to set you up for the action that lies ahead. Energies Well a premium collector in oil has been making a fine living for the past couple of months and I sure hope he or she takes his money and runs, because this market has a habit of making option sellers go out of business in a bad way. For six weeks the market has shrugged off rising inventoriesMon, 09 Feb 2009 09:18:25 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-02-09.htmlhttp://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-02-04.htmlEnergies Oil is in a consolidation mode and it would surprise me if we broke to new lows on this dip. Buy the dip and play the rally to 55 in coming weeks. Overall option premiums remain extremely overpriced, but not worth the exposure to sell calls. Puts remain solid premium collection plays on $2 plus down days, about 15-20% out with a month or so to go. Natural gas is a buy here with straight calls to play a volatility pop. Financials Stocks are testing the lower end of a range I expect toWed, 04 Feb 2009 11:47:57 GMThttp://www.fxstreet.com/technical/market-view/info@MoundReport.com (James Mound Trading Group)http://www.fxstreet.com/technical/market-view/the-weekend-commodities-review0109/2009-02-04.html