The commodity prices in India are not allowing traders to make much money because of the rupee

It is very difficult to go short on gold, silver, crude and any other commodity which is influenced by currency fluctuation because you don’t know what effect is the slide on rupee going to have an impact

So if silver is down 4 % in the international market it is only down 1% in the Indian market so it becomes very difficult to take short position

My view that the commodities are going to go down from here remains intact one can expect further downside in the European market and consequently one can expect commodities to go down

But as i said rupee has spoiled the party and one cannot expect much gain because of that

So i would not advise you to go short as of now, you need big slide in the commodities market to have effect on their prices in India otherwise there is always a chance of getting trapped

So let’s wait and watch as to how the rupee behaves and how the European situation shapes up

But internationally the trend is down but how much of that translates in Indian terms depends on the rupee

So now all that was to be known about the EU meet is out in the open and the markets seem to have given their reaction which seems to be tepid heir is neither exulation and neither is their and big disappointment  .

Their does not seem to be very immediate reaction from the commodities side their has ben slight movement up and down but their is no definitive direction and that seem to be direction that the markets are going to go at best looking for a direction.

So what seems to the way forward it looks that the overall meet is not going to be a success and you can expect some downturn after the initial reaction i see the markets turning downwards after some time the long term direction seems downwards

So i don’t feel that there is going to be runaway rally in commodities anyways the commodities are trading at high so i don’t see much of push but i do think that the downturn is just waiting round the corner

But in the end let’s see what’s the final outcome of the EU meet and then we will come to know of the final reaction of the market

So lets wait and watch for tonight and see what happens 

The commodities of the world are at standstill waiting for a que from Europe  there would be wee bit of movement here in there but yes generally the direction is up with each positive statements coming out of the EU meet you would see bouts of  up moves but then they could be false moves

Unless and until there is clear statements coming out of the eu meet it would not be advisable to take long position but at the same side it would also be very risky to be on the short side any breakthrough can push prices on an immediate upturn.

So keep your trading at bay let’s wait and see what happens to the EU meet and then we should take a position

Rude and gold are at high and so is copper and negative news and the downturn could be swift and brutal so don’t be in position either ways it could be really damaging just wait and watch  

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SO THIS IS NEWS HEAVY WEEK THERE IS EU SUMMIT WHICH WILL DECIDE WHICH DIRECTION THE EUROPEAN MARKETS ARE GOING TO TRADE AND  ALSO WILL DECIDE WHICH DIRECTION CRUDE AND GOLD GO

CRUDE IS TRADING AT HIGH AND THERE SEEMS TO BE STRENGTH IN CRUDE CHARTS

IT LOOKS LIKE THAT IT IS GOING TO GO UP  BUT NEGATIVE NEWS FROM EUROPE COULD SPOIL THAT CRUDE MAY ACTUALLY LOSE VERY FAST IF THE NEWS FROM EUROPE IS NOT GOOD

AND SAME GOES FOR GOLD,

GOLD HAS NOW A POSITIVE CORRETLATION WITH THE EUROPEAN AND US MARRKETS IF THEY GO UP GOLD GOES UP BUT GOLD IS ALSO TARDING AT HIGH ESPECIALLY IN THE INDIAN MARKET THANKS TO A WEAKINING RUPEE

GOLD ALSO LOOKS RIPE FOR CORRECTION BUT THAT HAS NOT HAPPENED AS OF NOW

SO WHAT VIEW YOU SHOULD TAKE GENRALLY WHEN THERE IS BIG SUMMIT THE MARKETS STARTS RALLYING BEFORE THAT IN ANTICIPATION OF A POSITIVE OUTCOME 

SO YOU CAN SEE EUROPAEN MARKETS RALLY IN ANTICIPATION AND UNLESS AND UNTIL SOMETHING HAPPENS TO TURN THE CART THEY SHOULD REMAIN POSTIVE  SO I DONT SEE ANY SELL OFF IN THE FORGIEN MARKETS

SO YOU NEED TO BE PATIENT I DONT RECOMMEND GOING SHORT BUT ALSO DONT WANT TO GO LONG AS OR NOW ITS WAIT AND WATCH SO FOR  NOW