A view on commodities

[sangram1705]

DSM ji,
any trade plans/ analysis for 2015???

 

[DSM]

Thanks Sangram,

You are already in the mood to celebrate the New Year!!! Wish you too and all folks Happy, Joyous. Successful, Prosperous, Peaceful and Healthy 2015. And yes, do post, never an issue to speak your mind.

Cheers.

DEAR FRIENDS,

WISH YOU ALL A VERY HAPPY & PROSPEROUS NEW YEAR!!!!!!!!!(IN ADVANCE):clapping:

(Hope DSM ji wont mind a little off topic discussion in his thread)

 

[superprogrammer]

* Another reason for dissimilarity for the price moves in MCX/NYMEX is that while NYMEX contract is $ denominated, the MCX contract is in INR. So besides the change in Crude price in NYMEX, the rupee movement USDINR has also to be factored in. Say there is no change in price movement in crude, but rupee moves 1% down against the USD, and if the price of crude has been say 3,600 the price factoring USDINR for crude should be 3600+36 i.e 3,636

How about trading in NYMEX then?

 

[Catch22]

Today--
Inventory of crude at 9PM

NG inventory at 10.30 pm

And Trading Time Alert: Tomorrow (1st January 2015) Morning Session is open for trading (10am to 5pm), and Evening Session is closed on a/c of New Year.

 

[Catch22]

(31Dec2014 21:00:15) : Crude inventory Update- U.S commercial Crude oil inventories decreased by 1.8 million barrels from the previous week.(Forecast 0.2 M)(Previous 7.30 M)

 

[DSM]

Hi Superprogrammer,

Just my view :

* Not sure that it would be legal.
* Contract sizes and P&L would be bigger.
* These disadvantages would outweigh any benefit a trader.
* USDINR impact can always be factored in.

How about trading in NYMEX then?

 

[Catch22]

 

[Catch22]

A link to check on weather forecasts ,useful while trading NG .

http://www.accuweather.com/en/us/united-states-weather

 

[Aman1]

Hi Superprogrammer,

Just my view :

* Not sure that it would be legal.
* Contract sizes and P&L would be bigger.
* These disadvantages would outweigh any benefit a trader.
* USDINR impact can always be factored in.

Is it legal to trade futures on nymex? I am also curious. any idea?

 

[Snake.Head]

@DSM Any view on Crude oil Mini ?