CSInvestment

CSInvestment

Cycle tops this week and we took our profits at 20.5 - I don't expect much more upside for now. Short term cycle is down and we will go long again at a better price, below 20. We switch from the September contract and will trade the December futures from now on. I do not recommend to trade silver short - it is a very risky venture, no ideas will be given regarding...

CSInvestment Updated 

We took the profits from our short position in the ratio, as well as the profits from the silver long position. For now I expect to see some sideways trading and the ratio could pullback towards the 93-94 area. I don't see a reason to go long in this case, however it is an opportunity. If you wish to take the long position in the ratio - bear in mind the fact that...

CSInvestment Updated 

Wheat has just finished a corrective move and because of its nature (Wheat is a very volatile instrument) it may seem to an untrained eye that the trend is up. However, that is not the case in my opinion - cycle is down. To approach this trade now we go long September PUT options, strike 475. The approximate price target is 435 at the point when the cycle...

CSInvestment Updated 

Silver got a strong close above 17.80, which was a point to look for according to my cycles. It is on a BUY signal and the cycle is up until the 27th of July. Furthermore, following my observation using studies of William Gann - Silver never traded on a bearish price angle since the March crash, which is important to keep in mind. In the last trade I made a...

CSInvestment Updated 

The chart suggests that the correction will continue untill it reaches its long-term support running from 2011. It is quite logical that this will follow after the washout experienced by precious metals in March causing this anomaly when silver lost about 50% of its value in terms of gold. I am expecting the ratio to be equal to 88 by early July. This implies a...

CSInvestment Updated 

Silver got rejected and did not break the line of support and is already rebounding. RSI shows a potential up move as well. The near term price target is around 18.40. Keep a sell stop just below 17.60.