thanx again for ur fast reply !
though i understand what ur sayin.. it seems a little risky. Doesnt supply and demand within India affect Indian prices .. I dont mean to offend u , but dont u think ur method ignores this factor ? ( Though ur method is the only proper way to trade Indian commodities through technical analysis ) .[/QUOT
See i m trading the following contracts in order of priority
Crude
copper
Natural Gas
Nickel
Lead/Zinc
Silver
Gold
As u can see the only commodity in my tracking list which can be influenced a bit by local factors is Gold and Silver and are at the bottom of my priority.
Now what i have experienced here in indian context is that agro commodities do track local factors as well in addition to international prices however in case of my top traded counters, i have found 99 percent correlation to international prices and USDINR scene. I have never experienced any local influence as of yet in these counters.
though i understand what ur sayin.. it seems a little risky. Doesnt supply and demand within India affect Indian prices .. I dont mean to offend u , but dont u think ur method ignores this factor ? ( Though ur method is the only proper way to trade Indian commodities through technical analysis ) .[/QUOT
See i m trading the following contracts in order of priority
Crude
copper
Natural Gas
Nickel
Lead/Zinc
Silver
Gold
As u can see the only commodity in my tracking list which can be influenced a bit by local factors is Gold and Silver and are at the bottom of my priority.
Now what i have experienced here in indian context is that agro commodities do track local factors as well in addition to international prices however in case of my top traded counters, i have found 99 percent correlation to international prices and USDINR scene. I have never experienced any local influence as of yet in these counters.