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Posts Tagged ‘commodities’

I started the year very bearish on the main indices – and made a good short trade on the DAX30, Germany’s flagship stock index in January after viewing the global stock market situation, Short trade 500 points
Then in February a long in London Sugar netting £867 using my usual scaling in technique, it ended up [...]

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2008 year in review

Commodities Big Picture

Shaping up for a sideways trading range / rally from these levels.  Either way, looking at the very long term chart the downside appears very limited.  RSI/MACD divergence against price.

That is some fall off, 200 is the Maginot line in the sand, closed at 215.28 on the 26th December.
Likely sideways action for 2009, [...]

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I experienced a minor disturbance today, of a financial nature, it made me reflect on the value of money.
Between 6-7pm I traded Crude oil on the short side, nothing special about that, just that this is not a market I have traded much in the past. Today looked like a reversal day, possible bull [...]

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Last week, on the breakout we had what I understand to be record volume when price exceeded the low 140s – a record for the volume of coffee contracts traded in one day! Here is the view of one veteran trader who has taken a position in coffee.
“I recently (months ago) moved into ag [...]

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From now on, due to time pressures I will have to post only on Friday a review of the week, and Sunday for a general Big Picture, “Kitchen Cabinet” overview.
Update on Coffee, well, letting profits run on this one, as it didn’t want to get stopped out in the week when I tightened stops. [...]

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Friday saw some changes to my trades, I have been recently stepping back from daily trading and just managing, or handling my positions as this suits the approach I am confortable with. The numbers are fairly modest but at the moment it is time for gradual progress and building a trading stake – there [...]

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This was posted in early 2007.  Still time to buy Silver.
Why spread trading is good at the moment?
1/ Inflation is increasing which means nominal values are increasing for “real” goods like commodities – you can trade these on all the spreadbetting platforms.
2/ This means you can make money as the nominal [...]

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