By Hamid Waleed – LAHORE: The sugar trader and investors are in a fix over their future contracts and market derivatives as rising supply of the commodity and consequently receding price have exposed them to losses. The situation emerged after excessive deals on future counters were witnessed lately whereas government’s permission for unlimited duty free […]
Archive | March, 2005
Successful traders have to take a loss
by Brian Hoops – If you ask a room full of active and inactive (those who have lost all of their money) commodity traders which skill is the most important in becoming a successful trader, the answers would represent, to a great degree, the weaknesses of those present. I would guess that the most common […]
Commodity Strategists: Commodity Rally May Be Close to Peaking
March 29 (Bloomberg) — The surge in commodity prices may be close to peaking, ending a four-year rally that included a range of raw materials from oil to copper to gold, said Daniel Chesler, an independent analyst who studies market patterns. The Goldman Sachs Commodity Index has failed to top the record it reached in […]
Crude oil futures fall on traders’ profit-taking
By Brad Foss – WASHINGTON (AP) – Oil prices fell Monday as traders took profits in a continuation of last week’s downward trend. After dipping as low as $53.60 US, light, sweet crude futures for May delivery settled 79 cents lower at $54.05 a barrel on the New York Mercantile Exchange. That’s more than $3.50 […]
