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  • #2,941
  • Oct 17, 2013 9:03am Oct 17, 2013 9:03am
Quoting Olu
Sugar {image}

Great chart Olu !

The bigger picture looks like inflation is coming.

I'm long calls on sugar...but please do your own DD.



humble golfer
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  • #2,942
  • Oct 17, 2013 9:07am Oct 17, 2013 9:07am
Quoting golferfx
{quote} Great chart Olu ! The bigger picture looks like inflation is coming. I'm long calls on sugar...but please do your own DD. humble golfer {image}
You may be right GolferFx. The US$ is being pummelled hard as we speak (type) and generally:

weak dollar = higher commodity prices = inflation

thanks for the chart

Olu
If you think you can or cannot do it you are correct
  • #2,943
  • Oct 18, 2013 9:04am Oct 18, 2013 9:04am
Is the selling abating or is it just a weekend break?
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If you think you can or cannot do it you are correct
  • #2,944
  • Oct 19, 2013 9:48am Oct 19, 2013 9:48am
Dollar Index - Pummelled last week

It is difficult to say which direction it is going to go but the trend is down so that is the default direction. There is a load of data out next week as well

Olu
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If you think you can or cannot do it you are correct
  • #2,945
  • Oct 19, 2013 12:31pm Oct 19, 2013 12:31pm
Quoting Olu
Dollar Index - Pummelled last week It is difficult to say which direction it is going to go but the trend is down so that is the default direction. There is a load of data out next week as well Olu {image}

79-78 area appears to me as a strong Support area, we are close to it but not yet there.
  • #2,946
  • Oct 19, 2013 3:34pm Oct 19, 2013 3:34pm
Silver putting in a bottom?
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  • #2,947
  • Oct 20, 2013 4:15pm Oct 20, 2013 4:15pm
Srt

I dont know about calling it the bottom but all things going well it appears some upside is in store for gold and silver
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If you think you can or cannot do it you are correct
  • #2,948
  • Oct 21, 2013 4:07pm Oct 21, 2013 4:07pm
EurUsd

I was looking for some strength to show up in the $ but all it could do against the euro was consolidate in a shallow manner. So I am looking for more upside.
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If you think you can or cannot do it you are correct
  • #2,949
  • Oct 21, 2013 5:29pm Oct 21, 2013 5:29pm
Gold

I know I have been highlighting a head and shoulder pattern on the weekly chart but what if the right shoulder which was not fully formed and is just forming? Food for thought. I for one, barring any serious bullish price move through 1370 will be looking for shorting opportunities.

Olu
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If you think you can or cannot do it you are correct
  • #2,950
  • Oct 21, 2013 6:59pm Oct 21, 2013 6:59pm
Quoting Olu
Gold I know I have been highlighting a head and shoulder pattern on the weekly chart but what if the right shoulder which was not fully formed and is just forming? Food for thought. I for one, barring any serious bullish price move through 1370 will be looking for shorting opportunities. Olu {image}
Gold is very, very tricky to trade IMO, because one has no real idea as to where it should be going. There are so many possibilities. The cost of production varies apparently between maybe 1000 to 1300 US dollars per oz. But that still gives room for prices to go $200 south of here, or even further. Or it could squeeze up to $1500 before turning tail. Do you remember NG prices, going way below the cost of production relatively recently? NG futures got down to $2 but IIRC other NG benchmark prices went way below even that.
I have no clue what I'm talking about.
  • #2,951
  • Oct 21, 2013 7:28pm Oct 21, 2013 7:28pm
Quoting Boy Wonder
{quote} Gold is very, very tricky to trade IMO, because one has no real idea as to where it should be going. There are so many possibilities. The cost of production varies apparently between maybe 1000 to 1300 US dollars per oz. But that still gives room for prices to go $200 south of here, or even further. Or it could squeeze up to $1500 before turning tail. Do you remember NG prices, going way below the cost of production relatively recently? NG futures got down to $2 but IIRC other NG benchmark prices went way below even that.

I agree BW. Gold is a bit of an animal to trade

Olu
If you think you can or cannot do it you are correct
  • #2,952
  • Oct 21, 2013 8:15pm Oct 21, 2013 8:15pm
Bean Oil

Is this one a little too obvious??.....I'm looking to short it anyway.....
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  • #2,953
  • Oct 22, 2013 5:16am Oct 22, 2013 5:16am
Quoting mypipbull
Bean Oil Is this one a little too obvious??.....I'm looking to short it anyway..... {image}
I saw the price action too MPB and would like to short it. Had a sell order @ 50% of the inverted hammer which did not trigger. The downmove has already begun. All the bean complexes are down so far

olu
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If you think you can or cannot do it you are correct
  • #2,954
  • Oct 22, 2013 8:58am Oct 22, 2013 8:58am
AudNzd
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If you think you can or cannot do it you are correct
  • #2,955
  • Oct 23, 2013 3:16am Oct 23, 2013 3:16am
Quoting Olu
AudNzd {image}
Market promptly went the other way. We now have a breakout to the upside. Bullish considerations are now to be considered more as it would mean the double bottom is now in play

Olu
If you think you can or cannot do it you are correct
  • #2,956
  • Oct 24, 2013 6:33am Oct 24, 2013 6:33am
AudUsd
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If you think you can or cannot do it you are correct
  • #2,957
  • Edited 11:24am Oct 24, 2013 8:41am | Edited 11:24am
FXCM $ index, with where my intention is to go long on majors.
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  • #2,958
  • Oct 24, 2013 3:15pm Oct 24, 2013 3:15pm
Quoting rehab
FXCM $ index, with where my intention is to go long on majors. {image}
Good idea Rehab. The $ is really oversold and we might get a retracement before there imho. Look at the action with cad - admittedly this perhaps has more to do with falling crude prices.

Olu
If you think you can or cannot do it you are correct
  • #2,959
  • Oct 24, 2013 4:07pm Oct 24, 2013 4:07pm
Sugar
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If you think you can or cannot do it you are correct
  • #2,960
  • Oct 24, 2013 4:08pm Oct 24, 2013 4:08pm
yes -olu, today the candle closed as inside bar, so prices can go either way and hence a retrace as you said might occur. -however, with the FOMC meeting next week and the likely that there will be no tapering $ will fall a bit more IMHO. Letīs see.
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