Daily Commodity Roundup: 4/10/2012

As stocks go so does the market. I expect the decline in equities to lead to further depreciation elsewhere…consider yourself warned. Crude makes a lower low today and I expect prices to be under $100 for the first time since early February very soon. My target remains $97.50 in May Crude. RBOB and heating oil also appear to be headed lower as another 15 cents south should be the mark if Crude hits my target…trade accordingly. Expect natural gas to be below $2 this week. I had a few clients call today looking to be a buyer…I say hold off until there is a catalyst to justify a bottom. Where do prices bottom $1.80…1.60…1.40 who knows? See the full story here →