by Ramki | Dec 10, 2010 | Copper
On 2nd December I pointed out that we are in the 5th of the Fifth wave in Copper and that we are likley to see the peak between 417 and 448. There is no change in that outlook for Copper. (On 8th December I posted a short-term chart from a different provider showing a...
by Ramki | Dec 8, 2010 | Copper
On 2nd December I had presented elliott wave analysis suggesting that Copper futures would meet some resistance around 417, and hence buying some out-of-the-money puts near there might be an interesting trade idea. Surprise, today Reuters is reporting on copper that...
by Ramki | Dec 6, 2010 | Palm Oil
Palm Oil was trading at 3,265 on 29th November when I suggested that we will move to 3,565 as a fifth wave. That target for the benchmark February futures contract for Palm oil on the Malaysian Derivatives Exchange has been reached and today we saw prices reach a high...
by Ramki | Dec 2, 2010 | Copper
Copper is making a 3-week high as base metals are rallying. Firmer global equity market and supportive economic data are cited for this move. Some are speaking of a looming deficit in copper supplies, expected to push prices to record highs. Do we have anything...
by Ramki | Nov 30, 2010 | Soybean Oil
Soybean oil futures have been behaving quite technically, and an alert trader could have spotted some easy low risk trades. Take a look at the first chart of CBT Soybean oil January delivery futures. This is a weekly chart. The first thing you notice is the price...
by Ramki | Nov 28, 2010 | Palm Oil
In the short period of just four months from July, Malaysian Palm Oil futures had rallied from 2,270 to 3,542 ringgit, or almost 56%. Global demand has been larger than supply for the first time in eight years, and China, the biggest user of commodities, has seen its...
