Update Wheat future december 2009 contract long

It looks like I was right and wheat took of to a high of 513$ or a profit of 3.84% or 17% with the leverage of 4.43. The current price of 509.75$ is around the 23.6% Fibonacci level of 507.32$. Next stop if it will climb so high will be 549.37$. RSI is getting near to the overbought area so watch out the following days.

Platinum long update

At last Platinum broke through 1,345$.

The current price is 1,355$ so when you entered the trade you currently have a profit of 4.31% without, or about 38% with the leverage of 9.

Today platinum had a high of 1,360. If you took the leverage you can always exit the trade and take your profit. 38% is a nice profit for such a short time. The trend for Platinum still looks strong and will probably go to 1,360$ and beyond, but at some point there will be a pullback because the RSI approaches the 70 level meaning it may be getting overvalue. So plan your exit when there appear signs of weakness!


Chart courtesy of: Market club tools for the trader

Alert Wheat future december 2009 contract long

It looks like wheat is breaking out, currently trading at 494$. You can go long and take a Turbo or CFD with leverage around 4 or 5. the Turbo with Stop loss 417 has a leverage of 4.43.

Alert Platinum Group Metals Limited

I like stocks that are cheap, and ok around 1$ it would be cheaper but nobody can predict a top or a bottom. The stock is now in a nice uptrend, and you know what I wrote: the trend is your friend. Volume is also picking up. Before the crisis it traded about 3 times higher! Now 1.57$.

Alert Open Range Energy Corp. TSE:ONR

Open Range Energy Corp is trading at 2.01$. Volume is increasing to 3,4 million and has a strong uptrend. Also several analysts gave this a Buy or Outperform. I will post a chart later on.

Alert UTS Energy Corp

UTS Energy Corp has a strong uptrend and has a current price of: 1.97$. MA 10, 50 and 200 are below the current price and we just had a MACD cross over. Before the crash this stock was 6.12$ priced in May 2008 so the stock is still cheap. A bid of 1.75$ in April was rejected. Once over 2$ the next high would be 3$.

Chart courtesy of: Market club tools for the trader

Platinum long update

Platinum is doing what we expected but has some difficulty getting over 1,345$.

We can see that::

• MACD made a cross over
• RSI is not overbought 
• the current price is above the moving averages of 10, 50 and 200 days.
  

The current price is 1337$ so a profit of 2.92% without, or 26.32% with the leverage of 9.

You can always take your profit, especially when you took a product with leverage like a Turbo, or Sprinter or CFD.

What I read is that these products are not offered for citizens of the United States or United Kingdom. So if you want to have some kind of leverage you have to look for another product like a CFD (Contract for difference) maybe. These have leverage and you can also trade Oil, Gold, Silver, Palladium, Copper and so on.

Chart courtesy of: Market club tools for the trader

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Gold... game on!

Gold hit an all time high today. Please look at this video that talks about gold and were it probably is headed?

Alert: Platinum long

I wrote about this new platinum long alert this morning and wrote:

You can take the following position: platinum long. stop loss around 1200 or lower to be more on the safe side. I will add the chart later. Current price 1299

When you can make use of a turbo, please take the turbo with leverage 5 or 9.

This morning I just wanted to get the trade out fast. I saw yesterday that platinum seemed to be turning back up and waited till today to be sure. Well I'm back and here is the chart that I promised.

We can see that:

• MACD is almost making a cross over. The blue line getting on top of the red line. 
• the current price is above the moving averages of 10, 50 and 200 days. 
• the daily trend is back up. 

We closed the previous position on platinum just around the top and will try that also this time. Gold today is making an all time high and also silver is doing extremely well. So you better have a look at some silver trades (mines) also.

As I said this morning you can kick in a platinum long. For the traders who can trade Turbos please take the platinum long stop loss 1205. This has a leverage around 9.

The current price is 1312 so a profit of 1% without, or 9% with the leverage.

If you are not familiar with trading Turbos I will write an article about it, and maybe you will like it more than trading ETFs.