Introduction to Commodity Trading
Commodity trading can be a lucrative endeavor when executed with well-informed strategies. Making the right intraday trading decisions requires up-to-the-minute information and keen market insights. In this blog post, we will provide actionable recommendations for trading gold, crude oil, and copper futures.
Gold Mini Oct Futures: Buy Recommendations
For those looking to invest in gold mini October futures, we recommend buying at a price range between 71300 and 71325. The target price for this position is 71725, with a stop-loss at 71085. This advice is based on current market trends and historical data, suggesting an upward trajectory for gold in the short term.
Crude Oil Sep Futures: Sell Recommendations
If you’re planning to trade crude oil September futures, our recommendation is to sell at 5905. The target price for this position is 5780, and the stop-loss is set at 6000. These recommendations are made considering recent market actions and trends, which indicate a potential downward move in crude oil prices.
Copper Sep Futures: Sell Recommendations
For copper September futures, we suggest selling at a price between 784 and 784.80. The target for this position is 775, and the stop-loss is at 791. This recommendation is derived from recent analyses and market conditions pointing towards a decline in copper prices.
Conclusion
Intraday trading in commodities like gold, crude oil, and copper requires careful consideration and timely decision-making. Our recommendations aim to aid you in making informed trading choices. As always, it’s essential to monitor market actions continuously and adjust your strategies as needed to maximize returns and minimize risks.