14 Steps (With Pictures)
Companies participating in the commodity trading marketplace require Smart Commodity Management software to transact and capture real-time data, plus provide all relevant groups within the organization access to critical business intelligence. Distillate fuels supplies which are mainly tracked amidst the winter season fell modestly by 207,000 barrels though gasoline stockpiles increased at a very high rate of 5.2 million barrels depicting the case that there is no major demand for the two going in the US. Also note, very sharp increase in product stocks comes despite the fact that refinery utilization fell by 1.9percentage which means that overall oil supply in the country remain very high.
I am keeping a close eye on this market to the upside as the agricultural sectors have all come alive as it looks to me that short term bottoms are in place as the chart structure is starting to improve with the 10 day low standing at 123.30. It will improve on a daily basis as the spike bottom which happened on June 22nd at 115.50 looks to be the short term low in my opinion.
It’s funny because I know that this is totally not the best definition of going short, and if you’re still confused about it, I understand why, but that just goes to show you that you don’t even have to have a full grasp of the concept of going short in order to make money shorting the markets.
Crude oil futures in the August contract settled last Friday in New York at 46.35 a barrel while currently trading at 44.75 down about a $1.60 for the trading week despite the fact that this week’s EIA report showed a 6.3 million barrel draw down as the short term and longer term trend remains weak.
Futures and Options Association (now the Futures Industry Association – Europe) – advising on the production of Order Handling Guidelines relating to dealings on the London Metal Exchange, which address trading practices accommodating regulatory order handling requirements, and market conduct considerations.
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As inflation heats up and growth stabilizes, the commodity arena is gradually tilting in favor of growth-oriented commodities such as Oil and Copper Meanwhile, commodities associated with inflation protection, e.g., Gold and Silver, are not only losing their allure but face growing sell pressure.
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COTs Timer is a financial blog focused on interpreting the Commodity Futures Trading Commission’s (CFTC”) weekly Commitments of Traders (COT”) report, which provides trillions of dollars in positions in more than 200 markets, including gold, crude oil, natural gas, silver, forex, and equity indices.
Most of the existing Indian commodity exchanges are single commodity platforms; are regional in nature, run mainly by entities which trade on them resulting in substantial conflict of interests, opaque in their functioning and have not used technology to scale up their operations and reach to bring down their costs.