The commodity market open to trade 13 hours everyday, no one can sit in front of computer for that much time to trade, tell me which is the best time slot for trade commodity?
In general, chart out an intraday chart with volumes plotted. Looking back, observe for the hour whr considerable volume is present with good range(H-L) on an average. Based on tht choose according to ur convenience.
MORNING MOVES MAY BE
1PM TO 1.55PM
EVENING MOVES START @5.30PM
5.30-6.30 A TREND STARTS IN MOVING COMMODITY.
6.30 TO 7.10 PM MAY BE SUDDEN REVERSAL
7.10 BUY STRONG COMMODITY
@7.30PM SUDDEN BIG MOVE POSSIBLE
7.55PM - SECOND CHANCE FOR BIG MOVE
7.55PM-8.15PM - SUDDEN REVERSAL
8.15 TO 8.30 - PROFIT BOOKING TIME
8.55- FINAL EXIT
8.55 TO9.30PM - BIG REVERSAL