Live Commodities Trades

[Phil Mibbutz 10]

I am leaving those while I can ....

I did no another couple of quickies netting +65..... too quick to post

 

but yes take the loss springs to mind...

 

Did you stick it out? I lost nearly 250 on oil last week, which was probably the inevitable result of making 750 profit the week before.

[firewalker 10]

200 points locked in

 

Well done, looks like potential support around 134 from the 21st of May.

[eggbeangame 10]

200 points locked in

 

and stopped out for +200 whilst on lunch. Will look for another short entry.

[firewalker 10]

This is a papertrade (I don't trade commodities), but thought I'd join in with my 2c to see if S/R holds as well on these instruments:

 

QM short 133.98 stop 134.11

[firewalker 10]

QM short 133.98 stop 134.11

 

Not bad, half out at 132.98 for +100 pips, other half breakeven.

[eggbeangame 10]

A great trade FW - you'd best start trading commodities then...

[firewalker 10]

A great trade FW - you'd best start trading commodities then...

 

Thanks.

 

I'm not planning on trading commodities, just thought I'd see what all the fuss was about Seems rather volatile indeed!

[firewalker 10]

A great trade FW - you'd best start trading commodities then...

 

The other half got stopped out at breakeven.

 

We made new highs too yesterday (almost $140 ), but it is starting to look like some distribution...

[eggbeangame 10]

long crude 13369

[eggbeangame 10]

out at b/e

[firewalker 10]

no more oil trades since last month?

 

The congestion from June seems to be distribution like I said at that time. However, the first sign doesn't mean the trend is over, and as the trendline was still not broken at that time. Since this week, the steepest line has been broken and we've moved below that huge congestion...

 

So to sum things up, I'd be surprised if we see $150 somewhere in the future, and I think in due time this market will come off.

[eggbeangame 10]

Fortunately I changed my stance and decided to wait for it to decisively break out of its up channel before shorting it again. Am short since yesterday looking for sub $120. Have to be vigilant for 'shocks' though - am sure it won't come off in an entirely orderly fashion, but I concur with you in expectations.

[gilligullu 10]

I have shorted 3 days ago from 138.4, and it has done quite well. Looking to close around 128. But all reports I am reading says in short term it should at least back down to 120.

[eggbeangame 10]

stopped out of my oil short at b/e - will look for another entry

[firewalker 10]

http://money.cnn.com/2008/07/24/markets/cftc/index.htm

 

I think the last sentence says it the best:

 

"But overall, most experts say the incidents are so scattered, and the energy market so large, that it's unlikely a single trader or group of traders can have substantial sway over prices."

 

All this talk about how speculators are to blame

[firewalker 10]

Commodities follow different rules than indices. Often after the top is set, a sharp sell-off occurs, where as in equities there's usually a need for distribution. This is basically what we are seeing in oil.

 

The odds favour price being attracted by $ 112-113. After that a rally should follow, but some time of consolidation is possible. Be interesting to see this turn out.

 

[firewalker 10]

Commodities follow different rules than indices. Often after the top is set, a sharp sell-off occurs, where as in equities there's usually a need for distribution. This is basically what we are seeing in oil.

 

The odds favour price being attracted by $ 112-113. After that a rally should follow, but some time of consolidation is possible. Be interesting to see this turn out.

 

 

And this is what happened next...

Exactly as I said

 

[firewalker 10]

Looks like oil is finding some support, and exactly at the expected level too... if only my e-minis would work this nice :doh:

 

[firewalker 10]

Bouncing off the midpoint where price spent considerable time ranging at the end of last year...

 

[firewalker 10]

http://www.cmegroup.com/company/history/magazine/Summer2008/globalinsight.html

[firewalker 10]

and to think they were talking about $250 per barrel...

 

http://www.marketwatch.com/News/Story/Story.aspx?guid={9037430D-34B8-4F2E-BF52-6C33A0B75BFB}&siteid=mktw

[firewalker 10]

While everybody was complaining about how fast oil was rising, no one seems interested anymore in why it is falling even more sharper than it went up!

[CapitalBosters 10]

Today 57% of traders recommended to buy silver.

 

Best Commodity advisor

[CapitalBosters 10]

Today 59% of traders recommended to buy Aluminium

Best Commodity Tips in India, Best Stock Tips in India - Capital Boosters

[CapitalBosters 10]

76% of traders recommend buying Copper.

 

Commodity Gold, Silver, OIL tips Advisor | Commodity Tips - Capital Boosters