Late Morning trading strategies India August 13, 2012

Gold is still a buy but more for intra day and short term moves as friends on the networks confirm longs. Copper is surprisingly not nosediving to below 410 but s still a short and I’ll let you know if it climbs back from 415-418 earlier than reaching 408 levels. Crude should be a sell this week but I would actually avoid that commodity as producers look to even out the belo $90 price it as holding a few months

Corn futures are going to shoot in the US oening this eek and had a strong close Friday and the continuing monsoons mean prices are stronger for Wheat and other agri but not cash like Sugarcane and Cotton, which refuses to look up despite continuing demand and cut down in supplies as losses for Indian producers of yarn reach a couple of $B

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s