Category: Commodities Trading
The analysis published under this category are as follows.Friday, January 07, 2011
Gold, Commodities Divergence Against Baltic Dry Index Trend / Commodities / Commodities Trading
For weeks now I have been going on about the divergence between the commodities prices and the Baltic Dry Index as the former rallies while the latter sinks almost daily. Last night was no exception as the Baltic Dry Index took another big dive as you can see here:
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Friday, December 31, 2010
China and Gold are Good but Crude has caught a [Cold] but otherwise it too is Good / Commodities / Commodities Trading
Two interest rate hikes to fight the inflation, Chinese commitment given before G-Meeting in Toronto to move to partial peg, everything seems to be falling in place nicely for Beijing and above all the nice gradual incremental rise in Yuan is getting all the right appreciation. We for one stood by Beijing even when U.S Treasury Secretary Mr. Geithner whom we wrote about enough that we felt the need to clarify that we held nothing against him.
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Friday, December 24, 2010
Crude is hyper bullish while Gold is trying to find a bottom / Commodities / Commodities Trading
We start with Commodities today and they are strong regardless of the fact that U.S Dollar has been a lot stronger in last week but first and foremost, Crude WTI which we went all out bullish off 2 days back as we wrote “WTI is now trading at a discount of $3.51 to Brent and as Brent is making new highs then WTI must follow too and we mince our words at that”. As we write Crude WTI is now trading at $91.40 and Brent is still maintaining a healthy distance of nearly $3 even after WTI has pushed upward rather sharply.
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Tuesday, December 14, 2010
Commodities Have Detached from US Dollar, Are Rising in Real Terms / Commodities / Commodities Trading
In the first phase of its bull market in the earlier portion of the last decade, Commodities began a bull market on the back of a falling US Dollar. The greenback declined while commodities, stocks, foreign currencies and even bonds rallied. The universal bull market could be better termed a dollar bear market. The movement of risk assets and especially commodities were, in most cases, hostage to the trends in the buck.
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Saturday, December 11, 2010
Opposite Trend Paths Forecast For Crude Oil and Gold / Commodities / Commodities Trading
This coming weekend’s OPEC meeting is perhaps the quietest of all OPEC meetings we’ve come to know of since we have been trading energy. Absolutely nothing is expected of this meeting and the street too has then no guesstimate wars and everything seems to be rather calm. Few of the members have voiced their opinion that they feel Crude is under speculative control and therefore even if Crude’s price traded $100 per barrel they would not step up to increase the production as no fundamental change has taken place or rightly unless there is no fundamental change. Seems fair enough and we too agree with it.Read full article... Read full article...
Friday, November 26, 2010
Sugar Commodity Setback Finds Temporary Support / Commodities / Commodities Trading
This year’s recovery in Sugar has been dramatic, recently exceeding the early 2010 high. However, the ensuing sharp correction has sidelined bulls for now, with the risk of further weakness to come.
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Monday, November 08, 2010
Bernanke Sets Gold and Other Commodities on Fire / Commodities / Commodities Trading
Ben Bernanke has unleashed the most powerful forces on the planet.
More powerful than any government. More powerful than any other central bank. More powerful than even the President of the United States.
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Wednesday, November 03, 2010
Numerology Forecasts For Gold, Silver, HUI, Crude Oil and USD / Commodities / Commodities Trading
Price Objectives per The Rule of Seven
There appears to be no rhyme nor reason to The Rule of Seven (*), which was first described in detail in the book, "TECHNIQUES OF A PROFESSIONAL COMMODITY CHART ANALYST."
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Monday, September 27, 2010
Soybean Commodity Bulls Break From 2010 Range / Commodities / Commodities Trading
After early 2010 weakness the price of Soybeans (CBOT) has, with some interruption, been moving from the bottom to top of its range for the year. Latest strength has seen a bullish break through the top of this now, so we can start looking at high targets/resistances.
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Friday, September 24, 2010
Investing in Cotton: The New “King” of the Commodities Sector / Commodities / Commodities Trading
Jack Barnes writes: Gold is grabbing the headlines setting daily record highs. Silver is setting an-even-more-torrid pace. Wheat and coffee - American breakfast table staples - are surging due to bad weather around the world.
But there's another commodity that's up big: It's surged as much as 55% in the last 12 months to reach its highest price level in 15 years. And there's plenty more to come: Global demand far outstrips supply, creating an imbalance that won't be solved anytime soon.
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Wednesday, September 15, 2010
Commodity Forecasts, Video Analysis, Trading Lessons and More! / Commodities / Commodities Trading
Elliott Wave International has just announced the beginning of their popular commodity FreeWeek event, where non-subscribers can access their most popular premium services!
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Monday, August 16, 2010
Smoke From The Copper and Gold Markets / Commodities / Commodities Trading
The dollar denominated copper price benefited from a Euro recovery beginning in mid July. Other base metals also gained from the falling Dollar. Traders had become more cautious about gold after its long uptick, but some greater comfort with the economy after Europe managed to push back from the brink also helped the brief move into base metals. However, internal fundamentals are also playing a role copper’s price move.
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Friday, August 13, 2010
EUA Carbon Emissions Attempts Recovery / Commodities / Commodities Trading
After a fresh bull surge in EUA Carbon Emissions in Mar/Apr the subsequent pullback has so far displayed a typical 3-leg structure, with good support recently found from a 76.4% retracement. Bulls must do more to produce a clearer positive picture though.
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Thursday, August 05, 2010
Yellow and Black Gold Shine Compared to the Stocks SP500 Index / Commodities / Commodities Trading
Commodities have been shining recently as the US Dollar loses its luster for investors. Also the weakening dollar has helped boost equities as a lower US dollar helps the large multi national companies. This report is a quick follow up from the Weekend report showing what the odds were favoring which was higher gold, oil and sp500. As of today each investment is unfolding as planned, once candle at a time.
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Monday, July 26, 2010
Crude Oil and Natural Gas Trading Using Technical's or Fundamentals, Which is Better? / Commodities / Commodities Trading
If "fundamentals" drive trend changes in financial markets, then shouldn't the same factors have consistent effects on prices?
For example: Positive economic data should ignite a rally, while negative news should initiate decline. In the real world, though, this is hardly the case.
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Monday, June 21, 2010
How Commodity Charts Are Reacting, or Not, to China Currency News / Commodities / Commodities Trading
News that China will re-value its yuan currency is viewed positively, of course, by world markets as it lowers inflation risk and exudes confidence about China’s growth picture.
After an initial higher opening on Monday, what can be expected? The daily chart on the Shanghai is hardly a bullish chart, and in fact went down 3% on Friday. Does the news now invalidate this chart? I don’t know, but to even begin to look exciting, the index has to take out 2600, or 3 1/2% from Friday’s close at 2514, and then faces stiff resistance at around 2800.
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Friday, June 18, 2010
Rhodium Commodity Trading Thoughts / Commodities / Commodities Trading
RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal.
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Thursday, June 17, 2010
Gold Flat as Coffee Surges 20% in 6 Days and Oats Surge 40% in Week / Commodities / Commodities Trading
Gold and silver fell marginally yesterday in lacklustre trade on thin volumes. Gold appears to be consolidating above $1,200/oz and support can be seen at $1,177/oz and $1,145/oz (see chart below). As ever in the short term anything could happen but given the continuing degree of sovereign risk, gold is more likely to move higher than lower in the medium term and $1,300/oz remains possible over the summer despite the traditionally negative season. Gold is currently trading at $1,234/oz and in euro, GBP, CHF, and JPY terms, at €998/oz, £834/oz, CHF 1,374/oz, JPY 112,664/oz respectively.
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Monday, June 14, 2010
Gold and Commodities Technical Charts Analysis / Commodities / Commodities Trading
"Throughout history, it has been the inaction of those who could have acted; the indifference of those who should have known better; the silence of the voice of justice when it mattered most; that has made it possible for evil to triumph"- Haile Selassie
There are some things that only a politician could dream up. The State of New York, in its infinite wisdom, needed to make a US $6 billion payment to their employee’s pension fund. Since the State doesn’t have the money, and no one is willing to buy their debt, lawmakers voted to allow the State and municipalities to borrow US $6 billion from the same pension fund in order to pay their obligations! If you wanted to have budget cuts, simply withhold all the wages for the politicians until they come up with a real solution!
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Friday, June 11, 2010
Copper Bounce Now Likely / Commodities / Commodities Trading
We had recently been looking at potential resistance in Copper, from a long term 76.4% level. This was forthcoming and the subsequent slip back has now reached interesting technical support, from which a temporary rebound looks probable.
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