You trade commodities purely based on technicals and not considering fundamentals? Any fundamental supply easing that happened in energy or agriculture industry?
Yes. Commodities are cyclical so timing is important. Technicals are better at timing than fundamentals. The big concern is recession and if so, demand would go down and prices moderated for commodities. Other than that is anyones guess.
Wow deducing the fundamentals for commodities using their price charts without even looking at their supply and demand fundamentals 😂 comeon dont be that lazy
It depends on your timeframe. If you do longer term then fundamentals make sense. If you do shorter term, fundamentals are too slow bcos they are delayed. By the time the fundamental data is out price already go down. It is not about lazy.
I liked how you corroborated your sell opinion with various other stocks/indices: dry bulk shipping, Qatar index (oil), etc.
You trade commodities purely based on technicals and not considering fundamentals? Any fundamental supply easing that happened in energy or agriculture industry?
Yes. Commodities are cyclical so timing is important. Technicals are better at timing than fundamentals. The big concern is recession and if so, demand would go down and prices moderated for commodities. Other than that is anyones guess.
@@DrWealthVideos Thanks for the elaboration! appreciate it
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Wow deducing the fundamentals for commodities using their price charts without even looking at their supply and demand fundamentals 😂 comeon dont be that lazy
It depends on your timeframe. If you do longer term then fundamentals make sense. If you do shorter term, fundamentals are too slow bcos they are delayed. By the time the fundamental data is out price already go down. It is not about lazy.
Shipping company I only know Samudera Shipping and Cosco Shipping.