Tamil Trader Commodity Signals and News Updates

[Tamil trader]

Silver breached the buy signal point 49660 .. and current high is 49930

 

[Tamil trader]

Silvermini was not able to hold above the breakout level 49660.

Currently, Still all the products are in the bearish Zone....

 

[Tamil trader]

Crude is finding resistance 6530 intraday and 102 $ in comex...

Breaking this hurdle will break the intraday high for crude..

But Global Cues shows that crude is still under pressure and on the hands of bears only

 

[alex_26]

Hey Tamil Trader,

What is d best time to TRADE Commodities. Do u focus on Focus on U.S. Markets Trading Hours???

 

[Tamil trader]

Hey Tamil Trader,

What is d best time to TRADE Commodities. Do u focus on Focus on U.S. Markets Trading Hours???

I am a full time Positional trader...I am always watching the market...

For intraday , morning trades are always best.... No need to trade at evening time for intraday. because most of the gains go lost in the evening session only by intraday players.

Actually Timing is not important. Entry price and Exit price are important for intraday players and positional players

 

[Tamil trader]

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]

Now Crude rallies on Day End.

This type of Day End Rally is not advisable for Crude oil BTST Position.

As far as I know, This is not the time to take BTST Position in Crude today

 

[Tamil trader]

As told earlier, Crude above 6530 broken.. and touched 6553 in intraday chart as per intraday buy signal

 

[VJAY]

As told earlier, Crude above 6530 broken.. and touched 6553 in intraday chart as per intraday buy signal

You mean 6453 ?????????????

 

[Tamil trader]

You mean 6453 ?????????????

yes sorry sir... Spelling mistake... 6453 is correct