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Recent Posts Tagged With 'general commodities'
Agri-Dollar Trades
This is a chart of a breakout of volume on the Rogers Ag ETN, from last week, this week even more upside has followed through. Other Agricultural ETFs and ETNs, (ticker: DBA, DJP) also look to have rounded out a base and are looking up. This all...
Turning points
A couple of charts of interest - firstly copper which if it does continue lower from here, which technically it appears to be in the process of breaking down, then it could be advanced warning the ‘bubble echo’ effect post 2008 is neari...
Don’t mention the ‘D’ word
Some markets have been ramping up quite nicely for some time, stock indices, commodity currencies included. Theres been a nice bounce in stocks and it may well continue, but by historic measures it is reaching an extended point. The S&P put/cal...
Trading price not indicators is key
I have had a look at some trading books in my collection and realized my preferred approach is to trade off price, not indicators, using trendlines, pattern breakouts. A copy of Curtis Arnold’s PPS Trading System and a video from Bennett McDow...
Trading Commodities in 2009
Both potentially poised to move higher - The top chart, softs composite has broken down trendline, cotton and coffee are looking like they will move higher. Bonds reverse today. Low volume stocks rally today, the last trading day of 2008. ...
Targets for 2009
Objectives: Read Profits in Commodities by WD Gann - now this I am assured does not contain any other-worldly theories, or angles - but just good advice by the look of the preview. Scale into Oil Services stocks (RIG, ETF - IEZ) and agricultural ETF ...
Planning a Soybean trade
This is quite a nice looking set up, sell under 800 and buy using 23/30 day ema, buy when price exceeds upper ema for second day in a row. Idea to trade a breakout of the bollinger band. Long side only. ...
Gold oil ratio - chart of the moment
Ag commodities are falling in price as are the softs, coffee, cotton and sugar. Coffee is just over $1/pound, cotton is just under 40c and sugar is $10.50. Coffee world carry over stocks are lowest for 50 years. Quote from forum post for reference:...
Reversal day
Today, sentiment shift, time to re-enter long side trades. Possible Dollar reversal. Large gains today bode well for coming weeks. Prices likely reached basing levels. Will power higher from here. SSRI $6.31 IEZ $29.00 GDX $18.09 BHP $33.86 &...
Gold/silver
Thinking more downside maybe gold below $650 and silver around $7.50. ...
Silver to gold ratio
Silver to gold ratio, looking like silver is one to follow for % gain wise. Meanwhile Amazon hits $50 target. ...
Watch for a collapse
There are many words of wisdom to be found in texts written by pragmatic, worldly people who happened to get something down in writing before they signed off. Musashi is one of these, here is something relevant to today, in the markets, watching for ...
Commodity conundrum
Couple of interesting charts, above, really nice low risk trade opportunity here, this is offered as an ETF, it is equal weighted coffee, cotton and sugar product, but I usefully use it as a barometer as to when a trade in the softs might be good fro...
Amazon short
Thursday was a bearish day, and the last hour of trading on bearish days tend, I have noticed to have the biggest declines of the day. So, I had a go at a quick short sale on Amazon that I’ve been watching for a while. I began selling at ten...
The great unwind
Silver stocks get beaten up, but this has been in the works for a while now. I was wondering months back how this chart formation was going to work out, I had though it was going to spring upwards after hitting the long term trend line - but this l...
Clear break
The British Pound has had a clear trend break, and against the Euro, I just checked today and it has definitely broken out of a recent consolidation range. I am very tempted to buy the Euro:GBP trade but on the other hand, am not really keyed into c...
Commodity Bull sees red
This past week saw the biggest fall off in prices in the precious metals since the start of the decade - but even now there could be further downside. The upside is that gold stocks are resting on weekly support / 200 week moving average. Versus go...
Silver lining
Snap back rally potential in mining stocks and silver, bought 2/5 silver yesterday before the close at $14.58. Whichever way you look at it, whether commodities have put in an interim top, or not, a rally is likely close at hand....
Commodities on ice… hammered
Watch this space, rare trading opportunities arising in the metals soon. Coffee, sugar and cotton have not sold off with rest of commod complex. Amazon up 10% today near recent highs, Apple rallying....
Nine lives or tails?
Well, today was a lucky escape - had order just below market to sell Amazon at 75.80, it opended at 75.89 higher, didn’t even look back and closed up over 4% on the day, over the 200 day ma. Now this appears to be an even better place to shor...
Commodity breakfast
Big sell off across the board today - silver under $17, softs down and cotton at 67, coffee 136, gold under $900. The Gold Bugs index is under 380 - and Silver Wheaton a great silver stock at $11.50-$11.70. Just about all down - except lumber, live...
Supercharged silver bull
I had a look around to see if there was a leveraged silver ETC today - and found the ETFS securities 2x silver product. Great time to enter a longer term position here and can be done with pension money too - for those with a longer term time horizo...
Jim Rogers on Youtube.com
Shooting star?
I have been looking closely at the Apple chart on the daily and weekly basis. It is certainly a risky place to enter a short sale - is there any other? - with the trend still showing as up. However, the main market averages are looking still very w...
Ags takedown
Today was not a good day to be long, coffee, sugar, soybeans or corn, or a few other ag commodities. Perhaps the start of a short term correction again in commodities? Fortunately I was not in the market - especially coffee which I was dubious about...
Taming the inflationary monster
Mmm… $200 oil, that should do it, plus a couple of 0.25ml shots in the arm. Full size picture courtesy of Satzinger & Hardenberg...
Food security
Looking around for more trading opportunities, there is an obvious one waiting on the sidelines which is meat futures! This is not an area I have ever traded, however, even a cursory look at the monthly charts for Feeder cattle and Lean hogs shows ...
Silver, Cotton, Sugar and Coffee
These commodities have two things in common, which are great for traders, they are price inelastic - per your economics 101 - demand will not change in line with supply shortages leading to price spike potential. The second is that they are in the lo...
Corn position
Sell order was activated on Friday at the asked for price, £64 in profit (64 points). Early in session tested over 750, but poor finish does not bode well for Monday (for the long side). Looking at the chart - break of trendline and on monthly, th...
Corn Oil
Short corn from 738 - order in, with stop at 745, I think at this point the risk reward look good, order is as close to market as I dare. Did Crude oil put in a contract high on the 16th? Closed at low of recent trading range, either will stay in ran...
