Mr.Dev

Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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Essential Knowledge: Commodity Trading – Futures Market – Spot Market

commodity market

Commodity trading market has first-class history going every part of the way back to the mid 1800s. INDUSTRIAL REVOLUTION bring fresh technologies and abilities to manufacture new resourceful tools and consequently additional food. Economic output begin to out-pace residents enlargement, our country developed a must for more well-organized agricultural storage, transportation and distribution of goods.

As the capacity of goods greater than before exponentially, FUTURES MARKET amid constantly standardized commodity pricing, grading and delivery became an complete requirement in order to deal with the seasonal gluts occurring just after harvest and sharp shortages occurring before harvest. Farmers and investors could now protect themselves from price rise and falls by locking in exact prices for commodities time-consuming earlier than essentially needing to receive physical delivery of them. So the FUTURES MARKET and COMMODITY TRADING was born.

What is Commodity market?

“A commodity is some good for which there is demand, but which is supplied without qualitative differentiation across a market. It is fungible, i.e. the same no matter who produces it. Examples are petroleum, notebook paper, milk or copper…”

Specific items values to be well thought-out a COMMODITY and be traded in a futures market. A commodity must be STANDARDIZED. So whether we are discussion about a barrel of oil, a bushel of wheat, a ton of iron ore or a particular importance of foreign currency, commodities have a standardized and set value. This is exactly why such items as art or jewelry is not considered a commodity. Each piece is definitely one of a kind and totally single unto itself. Therefore the value differs and fluctuates massively from one part to one more.

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Nickel: Short Term Looking HOT!

Short Term: Trend UP – Medium Term: UP – Long Term, your own!

Minor Hurdles 1059 – 1078

Crossover above 1079 will take to 1090

Support at 1041 (If breaks 1028 with volume then will slide upto 1026 – 998)

My targets 1054 – 1064 – 1078.

I Think, technically for short term worst is over.

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Relince Fut.

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UPDATE: The outlook of Natural Gas

October 7, 2010 on what I said?

I said, “THERE IS NO REASON TO BUY IT” Big blizzard already started and Natural gas blast today.

Natural gas achieved all targets one by one.

My last target kissed Rs.150.

I hope you don’t miss it…Enjoy!!!

What you expect now?

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