A view on commodities

(11Feb2015 21:00:51) : Crude inventory Update- U.S commercial Crude oil inventories increased by 4.90 million barrels from the previous week.(Forecast 3.7 M)(Previous 6.30 M) Data slight Negative for Crude --source -trading portal -Rcomm

Hello friends..the recent heat up in Greek crisis is likely to add more and more safe haven appeal to gold and silver. However instead of making an outright call in buying precious metals, I find the gold silver ratio more interesting. Considering the recent under performance of silver in comparison to gold, you can buy Silver and sell gold against it to hedge your downside risk . (PS: trade with equal notional value)

Happy Trading guys

---------------

For Mahashivratri 17-Feb-2015 Tuesday Morning Session (10:00 am to
5:00 pm) is Closed
Evening Session (5:00 pm to 11:30 /11:55 pm) is open

source -trading holidays -http://www.mcxindia.com/marketoperation/tradingsurvaillance/tradingholidays.htm

(19Feb2015 19:01:28) : US News alert: Unemployment claims Actual 283 K from the previous week. (Forecast 293 K) (Previous 304K), Data slight positive for Dollar

Sharing the news alert report at the portal.

COPPER WEEKLY:

I THINK, THIS IS MISSING THE ATTENTION OF THE THREAD!! SIMPLY LOOKING ATTRACTIVE & LOW RISK

Was watching charts of Copper, on which I am posting my observations thru annotated charts. The simple conclusion is : That one cannot rely on indicator based trading (atleast in the intraday TF) as the volatile moves are triggered by big funds or by algos, to blow away the positions of most traders. In my view, trading copper based on the common indicators used such as MA's, BB, RSI, ADX, PSAR etc. etc. will end up with the trader getting only poorer at the end of the day. So what would work? In my view it is looking at Price Action. HH, LL, and Candlestick Patterns.

Posted below is the chart for Copper on the 19th and 20th. Feb. A represents down move on both days triggering shorts, B represents an equal or higher upmove. C on the 20th again is designed to throw traders on the track of an oncomming train. The only way to trade this position (thru hindsight) is to trade in the direction of the move, with the upper/lower close being the stoploss. This can happen only if the trader can take a position without any bias, based on the candle stick pattern which can be a difficult thing to do and that I guess will come only over time, with experience and understanding of one's risk/money management and psychology.

Notes on crude :

Thank you DSM

Can you please tell us the SL in case of going short?