How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[abhi_neth]

Hi T4P,

At present Gold is looking good for long as is most commodities that have fallen intraday due to strengthening of dollar index. A good entry would be to wait for the current 4H candle to close & go according to the price action. BTW most of the commodities are trading near some level of support, I'm too waiting for bullish price action to go long.

 

[uttamkamlesh]

Hi,

New to the post

I see Gold placed nicely at 4 hour Support line and looks ready for a bounce from about 1671 level. Please share your views.

Currently at 1678. Is it ripe enough to be taken. Plz share your views. Couldn't see a valid WW through it though.

Regards,
TP

Please include all Higher TF Trendlines/channels etc to define a trade. The view should be holistic.

 

[uttamkamlesh]

Uploaded with ImageShack.us

 

[VJAY]

Dear Kamlesh,
This blue channel line came from where?...I unable to spot it....

 

[timepass]

I think the Blue and red are from a different time frame.

 

[uttamkamlesh]

Dear Kamlesh,
This blue channel line came from where?...I unable to spot it....

Uploaded with ImageShack.us

 

[guptamani3105]

Can someone tell why MCX Gold has not fallen sharply as compared to Ounce one.. it has gone from 1710$ to 1660$ & only 350 Rs. diff. in Mcx gold..

 

[sandipromade]

Hi Sandip,

Thanks for the post.

See a different charting software used in it. Can you please share wherefrom it can be downloaded. Went to ForexPros but saw only online chart which was not similar to one you posted. It looks good.

For Natural Gas Real-time CFD Data (No Delay)

Please use this link ( $ NYMEX)

http://www.forexpros.com/commodities...advanced-chart

Thanks
Sandy

 

[sandipromade]

Sorry it is...

http://www.forexpros.com/commodities/natural-gas-advanced-chart

 

[abhi_neth]

Can someone tell why MCX Gold has not fallen sharply as compared to Ounce one.. it has gone from 1710$ to 1660$ & only 350 Rs. diff. in Mcx gold..

All international commodity in MCX takes into account the Rupee conversion rate. So as the Gold/$ is falling same time Rs./$ is rising which is making the rate on MCX stable.