Tamil Trader Commodity Signals and News Updates

[Tamil trader]

Nymex Crude trades 0.40 % Lower.. and USDINR also opens lower... So Crude is expected to open around 6410 levels

Break below 6370, and 101 $ will give more downside for crude

 

[Tamil trader]

Alert:- USDINR may test 61.65

Buy signal above 63.55 only, Current price 62.97

 

[Tamil trader]

Signal and Trend Update for 01.10.2013- Morning Session

Silver Mini- Sell Below 48747 only - Current Trend up

Gold Mini- Buy above 31305 only- Current Trend Down

Copper-Buy above 468.60 only- Current Trend down

Nickel- Buy above 883.60 only- Current Trend down

Natural Gas- Buy above 225.60 only- Current Trend down

Crude oil-Buy above 6455 only- Current Trend down

 

[Tamil trader]

BTST was not recommended for crude oil yesterday as this was day end rally in the previous post.

As expected, Crude opened gap down of 40 Points in the morning session.

 

[bharathi2005]

GM sir pls buy above with SL then only very useful small trders like me Thankyou Have a nice day

 

[bharathi2005]

Sorry pls give buy above or sell below with SL THANKYOU

 

[Tamil trader]

Sorry pls give buy above or sell below with SL THANKYOU

Trade with current trend given above..........and stop loss is the given level... thats all... please understand the post....

There is stop loss and current trend in that post.

 

[DiwaliCrackers]

Hi TT,

Do you think that intra-day trading in crude oil is very difficult because of very low liquidity.
commodity liquidity is lowest, and every month it is drying.

My personal experience says that:-

Due to CTT (Commodity Transaction Tax), Market Volatility, High Margin,

Total Volume traded in crude oil is totally down...

Before three months, everyday, there will volume of 2 Lakh lots per day

But today It is struggling to break 50000 Lots now....

MCX Turnover has gone totally down due to CTT and High Margin...

 

[Tamil trader]

Hi TT,

Do you think that intra-day trading in crude oil is very difficult because of very low liquidity.
commodity liquidity is lowest, and every month it is drying.

Liquidity and Volatility is always there..... intraday crude oil trading is not difficult.

MCX Revenue lost its transaction charges due to low volume... So Exchange lost its 75 percent of income this month.

Brokerage firms are also in the critical situation due to increase in the margin and CTT...

Now, Most of the Jobbing traders are out side of the MCX or they like to shift to other markets

This is what i feel due to CTT and High Margin...

 

[Gandhar.]

i think the volumes are also lower due to nsel fiasco