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

[myamit]

It's a falling wedge buddy! bullish WW.
Go Long with a SL @339 for targets of 400+.

Hi Uttam,

This looks great. Btw, do you have any method that calculates times (days) by when target can be reached?

Also I could spot one with denabank chart with a target of 81+? Would you please have a look & confirm? Thank you.

Regards,

 

[uttamkamlesh]

Hi Uttam,

This looks great. Btw, do you have any method that calculates times (days) by when target can be reached?

Also I could spot one with denabank chart with a target of 81+? Would you please have a look & confirm? Thank you.

Regards,

Dena Bank doesn't have volume spike @ point5. Stay away.

For Bharti Airtel too i would say stay smart with trailing SL order - 1 candle back.....I like continuous markets and Indexes far better for WW.

 

[uttamkamlesh]

Kamlesh Sir,
Crude is again touching bearish trend line.

No LL kid....let it go....

 

[sredhar]

Hi Uttam,

Attached Gold daily chart. Prices today touching the BRL. Is it a point to go short?
Is this a valid setup? Pls comment.

 

[uttamkamlesh]

Hi Uttam,

Attached Gold daily chart. Prices today touching the BRL. Is it a point to go short?
Is this a valid setup? Pls comment.

For This trade Stop Loss is 1691.6.

Option 1. Sell as high as possible near 1675-80 is you get the price. That would better your Reward/Risk ratio.

Option 2. Sell when Gold comes out of the wedge and again retraces back to kiss the lower support trend line.

 

[VJAY]

Dear kamalesh,
How you convert these figures to (international gold price)...to our mcx as we trade in indian markets...pls through some views....how you exactly trade MCX with international chart......

 

[uttamkamlesh]

It's a falling wedge buddy! bullish WW.
Go Long with a SL @339 for targets of 400+.

Guys!...Airtel has hit today 380.2...so stay alert.
Move Stop Loss to 364 now.

 

[uttamkamlesh]

Dear kamalesh,
How you convert these figures to (international gold price)...to our mcx as we trade in indian markets...pls through some views....how you exactly trade MCX with international chart......

I hope you have access to live data from MCX as well as international broker.
Both prices move in sync....A High here would be in resonance with a High there. No need to convert at all for day trading.

For position trading use proportion logic.
I have already replied this in one post.

 

[uttamkamlesh]

Three SELLS today as per Uttam's Method of SELLING

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[VJAY]

Dear kamalesh,
If youexplain it (pr0poration logic) it would be nice....I checked that post but am not clear about it......