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

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For the weekend Analysis and read, check out what Dow can be doing in the start of 2012, there are two possibilities,

1. It can break the H & S and go up, with targets equivalent to depth of head from the neckline.

or

2. It can chop around neckline and breakdown with neckline forming the resistance, how it broke down in July 2011

Cheers!

PS: I am open for corrections, I am still learning to draw straight lines straight, learning alphabets ABC's, numbers 12345 :)
A bullish H&S should occur at the bottom and a bearish one at the top of a move.
 
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Kamleshji,

Can this be the scenario also? Rather than counting 0 at the point of upward arrow or where I have drawn A, it could as well still be in a correcting mode, with X formed after first ABC waves and now we are at A and BC to get formed.

Cheers!

PS: I am open for corrections, I am still learning to draw straight lines straight, learning alphabets ABC's, numbers 12345 :)
Yes that is a possibility but.....
1. Significance of $26 needs to be taken into account.
2. With this possibility we would be entering in a bear market in bullions if $26 cracks...

If trend reverses we would trade that way till then it's up....


TREND should be assumed intact unless proved otherwise....Jesse Livermore.
 

mdrafi67

Well-Known Member
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SILVER MET ITS FIRST TGT @28.5$.............PRICE CONTINUE TO VIEW TOWARDS OUR TGT-2@27-26$................................




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MR
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SILVER TOUCHED OUR TGT @27$..............AS SAID BY KAMLESHJI 26$ IS CRUCIAL THEN IT MAY MAKE SILVER BEARISH...........jim rogers is bearish....soros is also bearish for bullions in 2012...........



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HAPPY NEW YEAR 2012 TO THREAD MEMBERS.............CHEERS!!!!!!!!-----MR
 

mdrafi67

Well-Known Member
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GOLD TODAY MET OUR TARGET @1600$...........AND MADE A LOW OF 1563$.......CONTINUE TO VIEW PRICE TOWARDS@1540$..................




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MR
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mdrafi67

Well-Known Member
COPPER VIEW............................




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MR
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This trade failed...............copper could not with stand the 0.5 fibo retracement level.....................your views and inputs pls.............thank u

MR
 
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