A view on commodities
- Thread starter DSM
- Start date
Hi Sangram,
Missed your post (again) It is only trades like the last few days makes one realize the saying - Trade with the trend. Have seen this to be true, especially for commodities, though the same can be applied to stocks as well. What I would suggest is to look at 30Day240M, 5EMA or 30Day60M 20EMA (both are similar) as a guide. It is the most clear guide to position one can take. If the intraday as well as trend as per this setup are in sync, one can take a position with a small SL.
Missed your post (again) It is only trades like the last few days makes one realize the saying - Trade with the trend. Have seen this to be true, especially for commodities, though the same can be applied to stocks as well. What I would suggest is to look at 30Day240M, 5EMA or 30Day60M 20EMA (both are similar) as a guide. It is the most clear guide to position one can take. If the intraday as well as trend as per this setup are in sync, one can take a position with a small SL.
Any views on silver, looks like 36500-36100 is good level to sell.
On the other hand it also looks like 35800 may offer a good support.
Sorry I couldnot post the charts. Will do it after I get back to home.
On the other hand it also looks like 35800 may offer a good support.
Sorry I couldnot post the charts. Will do it after I get back to home.
Thu Nov 13 9:30pm Crude Oil Inventories
Fri Nov 14 - 9:00pm Natural Gas Storage
Source -- http://www.forexfactory.com/calendar.php
Fri Nov 14 - 9:00pm Natural Gas Storage
Source -- http://www.forexfactory.com/calendar.php
The data comes out one day later than usual due to the Veterans Day holiday in the U.S. on Tuesday.
However the API Weekly Crude Stocks (Net Change)
Will be later during their day 21:35 USD United States This data of American Petroleum Institute usually precedes a day in advance to the Crude inventory.
http://www.investing.com/news/commo...e-near-4-year-low-ahead-of-opec-report-316385
However the API Weekly Crude Stocks (Net Change)
Will be later during their day 21:35 USD United States This data of American Petroleum Institute usually precedes a day in advance to the Crude inventory.
http://www.investing.com/news/commo...e-near-4-year-low-ahead-of-opec-report-316385
Last edited:
CREDIT SUISSE: 'We Are Bearish Gold' - MYLES UDLAND
http://www.businessinsider.in/CREDIT-SUISSE-We-Are-Bearish-Gold/articleshow/45185676.cms
Credit Suisse is newly out with a huge report On its outlook for 2015, and among its 10 best trade ideas for next year: short gold. The firm's technical analysis team puts a price target of $950 on the precious metal for the end of next year, and Credit Suisse's David Sneddon says that from a technical analysis standpoint, and his team that gold's recent break below $1,180 confirmed a bearish "triangle" continuation pattern.
The firm's quick rationale: "Gold remains very expensive relative to historical norms, with carrying costs becoming more penal as US interest rates begin to rise."And continued strength in the US dollar should also keep gold under pressure, the firm writes. Credit Suisse, elsewhere in its research report, also argues that equities have become a hedge against inflation, a role that was typically assigned to commodities and particularly gold.
Amid the recent decline in gold, Credit Suisse isn't the first research firm to say gold could be in trouble. Back in early October, analysts at Ned Davis Research said that, amid a declining "supercycle" for gold, the precious metal could be headed to $660.
A look at the long-term chart for gold and you can see that it's been an ugly couple of years. And while gold rebounded a bit late last week, the longer-term outlook for gold is less than, well, you know.
Gold 11.17
http://www.businessinsider.in/CREDIT-SUISSE-We-Are-Bearish-Gold/articleshow/45185676.cms
Credit Suisse is newly out with a huge report On its outlook for 2015, and among its 10 best trade ideas for next year: short gold. The firm's technical analysis team puts a price target of $950 on the precious metal for the end of next year, and Credit Suisse's David Sneddon says that from a technical analysis standpoint, and his team that gold's recent break below $1,180 confirmed a bearish "triangle" continuation pattern.
The firm's quick rationale: "Gold remains very expensive relative to historical norms, with carrying costs becoming more penal as US interest rates begin to rise."And continued strength in the US dollar should also keep gold under pressure, the firm writes. Credit Suisse, elsewhere in its research report, also argues that equities have become a hedge against inflation, a role that was typically assigned to commodities and particularly gold.
Amid the recent decline in gold, Credit Suisse isn't the first research firm to say gold could be in trouble. Back in early October, analysts at Ned Davis Research said that, amid a declining "supercycle" for gold, the precious metal could be headed to $660.
A look at the long-term chart for gold and you can see that it's been an ugly couple of years. And while gold rebounded a bit late last week, the longer-term outlook for gold is less than, well, you know.
Gold 11.17
Investing.com - Natural gas futures dropped on Friday after frigid U.S. temperatures gave way to milder mercury readings, leaving markets betting that demand for heating will wane across the country.
A blast of cold air has moved out for much of the U.S., with milder temperatures settling in, prompting investors betting that thermal power plants will burn less natural gas as demand for heating falls.
While more shots of cold air are due to sweep across the country into early December, updated weather-forecasting models earlier Friday scaled back on their intensity, which sent prices tumbling.
source-http://www.investing.com/news/commodities-news/natural-gas-drops-as-u.s.-thaws-after-blast-of-cold-air-317691
A blast of cold air has moved out for much of the U.S., with milder temperatures settling in, prompting investors betting that thermal power plants will burn less natural gas as demand for heating falls.
While more shots of cold air are due to sweep across the country into early December, updated weather-forecasting models earlier Friday scaled back on their intensity, which sent prices tumbling.
source-http://www.investing.com/news/commodities-news/natural-gas-drops-as-u.s.-thaws-after-blast-of-cold-air-317691
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