A view on commodities

DSM

Well-Known Member
Commodities all have stories behind them :

Silver, Gold : Uptrend/Gap was as a result of Paris event.
Crude : Strength was on rumors of impending coup in Saudi.
NG : Sell off due to expected warmer weather.
Copper & Zinc : Doubts on China grow projections and increased inventory.

Some worked out as expected, some sold out against.....
 

Dax Devil

Well-Known Member
Commodities all have stories behind them :

Silver, Gold : Uptrend/Gap was as a result of Paris event.
Crude : Strength was on rumors of impending coup in Saudi.
NG : Sell off due to expected warmer weather.
Copper & Zinc : Doubts on China grow projections and increased inventory.

Some worked out as expected, some sold out against.....
Thank god for warm weather. Should stay. I have to fly down to massachusetts coming week for a couple of months or so, and boston's winters, if hit by the infamous northeaster, could be bone numbing.
 

DSM

Well-Known Member
Crude is volatile.... profitable position stopped.
 

Dax Devil

Well-Known Member
Something just went wrong with the commodity world after US opening orI got too tired with copper trade. No handle is to be found for short or long on anything. Real jumping jack. DSM, what are you up to?
 

DSM

Well-Known Member
Presently no trade. Just waiting for something to crack.


Something just went wrong with the commodity world after US opening orI got too tired with copper trade. No handle is to be found for short or long on anything. Real jumping jack. DSM, what are you up to?
 

TraderRavi

low risk profile
Crude is volatile.... profitable position stopped.
$40 support did not break , stopped out , yesterday $ 40.8 did not break despite many attempts by bears , stopped out by spikes, later it break :mad:
at these lower levels risk is more reward is less. trend is down but its like shorting at bottom.
 

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