• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Commodities call
Copper

Commodities call

RamkiBy RamkiMay 25, 201113 Comments1 Min Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

You have all heard the news.

Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials….When Goldman Sachs analysts made their call yesterday, many commodities traders must have felt either relieved or angry. Relieved if they were long already, and angered if they were short. That is the long and short of it!

Why should anyone who was bearish feel angry? Perhaps it is because of what “naked capitalism” discusses in the post “Goldman Recants its $200 a barrel, ‘Super Spike’ call for oil”? But you would surely want to read ‘The Reformed Broker’ who noticed that Goldman made quite a contradictory call the same day!

While you are mulling about all this, perhaps a bit of advice from Peter Brandt would help. Peter has written a book titled “Diary of a Professional Commodity Trader”, and David Blair a.k.a The Crosshairs Trader has provided us with a quick excerpt…actually six major points. Enjoy!

goldman sachs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleUSD/YEN outlook using Wave Analysis
Next Article Crude Oil Outlook
Ramki
  • Website

Related Posts

Elliott Wave Analysis of CPER -ETF- United States Copper Index Fund

March 1, 2019

Special Update to my Elliott Wave Book

April 5, 2018

How Elliott Wave Analysis anticipated higher Copper prices

July 25, 2017
View 13 Comments

13 Comments

  1. Bob D on May 25, 2011 7:36 am

    After reading the “Crosshairs Trader” article and six major points, I’d humbly add one additional tenet. You must enjoy the challenge…you must want to do this. Otherwise, it’s only work.

    Reply
  2. Sachin Advai on May 25, 2011 8:11 am

    Yesterday when I saw the “Goldman Sachs” news in one of the websites I thought GOOD for India !!!!!! How ?

    The whole World knows what happenned when GS raised Crude price target in 2008(they had raised it from 140-150 $ to 200 $ ) !!!!!!

    Reply
    • Ramki on May 25, 2011 7:52 pm

      Sachin, the analysts who made that call are just as human as any of us. It is not the erroneous call that upset people. Every single analyst worth his salt has made not one,but several mistakes. Typically we are upset when someone makes a call that is different ( opposite to ours!) That is human nature.

      Reply
      • Sachin Advai on May 26, 2011 9:09 am

        Sir,
        You are right everyone makes mistakes , but I am talking about the timing (esp. most Funds world over) of the call and how they mislead people.Every investor cannot be well informed.Most people take these calls on face value.
        I still remember the Citi Group’s “Sell” call on Reliance Infra(Rel Energy then) @ 485-500 in May- June 2007(One of the most Bullish charts @ that time) and it goes to only 2600 in 7 months . Ok , lets consider it to be a mistake. Again what they do , give a “Buy” call @ 1550-1600 in May 2008 and it comes to only 385 in 5 months. I get a doubt whether most of these calls from various Funds(& so called HNIs)are to Dump Positions ??

        Reply
        • Ramki on May 26, 2011 9:21 am

          Sachin, your point is well taken!

          Reply
      • vivek on May 29, 2011 10:18 am

        sir, will you please check the charts of natural gas futures trading on mcx india? i m going through your blog regularly and it s helping me in making my trading decisions and learning wave analysis. i think wave 2(abc correction) has been completed in natural gas futures and third has begun. please your inputs.

        Reply
        • Ramki on May 29, 2011 12:19 pm

          Hello Vivek,
          What is the symbol or Ric for this contract. I will take a look sometime.

          Reply
          • vivek on May 29, 2011 9:36 pm

            sir, symbol is NATURAL GAS which trades on MCX , india

  3. K P Ganesh on May 25, 2011 9:59 am

    One thing is clear. Big institutions like Goldman Sachs tell what they want the investors to do, so that when there is sufficient money on the table, they pull the rug from underneath small time traders/speculators. And they get away with it for they are the guys funding political establishments around the world to ensure market creation as well as their safety. Well money rules!!!

    Reply
  4. Bob D on May 26, 2011 11:31 am

    Sachin Advai keep one thing in mind. Markets are places for people to come to….. in order to disagree. The bigger fool theory is constantly at work here. We’d have less excitement and entertainment in our world…..if it did not. Sheep have been sheered since the beginning of time and yet they’ve not evolved. Your evolution is accelerating (as is mine) in the discovery and application of Elliott Wave analysis. We choose not to be sheered again.

    Reply
  5. rajesh from india on May 26, 2011 11:24 pm

    in dollar terms, if we short crude in rupees and rupee depreciates,we dont gain much but crude short in dollars will fetch more

    Reply
    • Ramki on May 28, 2011 7:44 pm

      Rajesh, I think you are expressing your view of Usd/Inr here, and not that of crude.

      Reply
  6. Pingback: Elliott Wave analysis of Copper | Elliott Wave analysis by Ramki Ramakrishnan

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2023 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.