CRUDE oil prices struck a record $US90 a barrel in after-hours trading in New York overnight, amid increased tensions between Turkey's government and Kurdish rebels in northern Iraq.

Oil prices have pushed higher this week amid geopolitical angst related to the Turkey-Iraq border and a weakening dollar, which makes dollar-priced commodities such as oil cheaper for buyers with stronger currencies and therefore lifts crude demand.

NCEL launches awareness drive for rice trading

KARACHI: National Commodities Exchange Limited (NCEL) on Monday launched a month-long pre-launch programme and investor awareness drive ahead of the commencement of listing and trading of its IRRI-6 Rice Futures Contract.

Managing Director Assim Jang said NCEL will be in Kandhkot, in upper Sindh, holding the first of investor awareness seminars aimed at informing the potential participants, including growers, millers, traders and exporters of the details of Futures Trading in IRRI-6 rice and encouraging their participation.

We have chosen these areas to start out investor awareness drive as they are the trading hubs of IRRI-6 rice, Assim said adding, we feel it is important to reach out to the key participants in our market on a one-to-one basis, they will not only ultimately benefit from this new contract, but also will provide NCEL with the necessary depth and liquidity, he added.

Using CCI and Stochastics For Long and Short Term Forex Trading

Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.

Sam has been involved in the markets since 1991 both on and off the floor of the Chicago Mercantile Exchange. He has served as the Director of Technical Research for two trading firms and regularly contributes articles to industry publications. Sam is known for his trading, technical research, and educational guidance.

Software instructions HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions.

Traders Bracing For Slump Drive Up Platinum, Wheat, Coffee And Cocoa

Platinum and spring wheat hit record highs Thursday and arabica coffee and cocoa set new trading peaks as well, as investors in commodities pursued markets deemed less vulnerable to the slowing U.S. economy.

U.S. crude oil also fell, closing 58 cents lower at $91.75 a barrel on fears of slowing growth in the world's largest economy and the leading energy-consuming nation. Investors in energy were also sidelined ahead of an OPEC meeting on production quotas set for Friday.

Mkt Watch : Investors’ playground, traders’ graveyard

The market is displaying all the classic signs of a post sell-off syndrome. A v-shaped relief rally, spikes in volatility, retest of lower levels, low trading volumes and aversion to mid- and small-caps. This is exactly what you would have expected to see. These patterns call for a different tactical approach on part of investors.

In a market that has clearly not stabilised yet, traders should either refrain from trading or cut down their trade sizes drastically. Equally, if they have to trade they should be extremely nimble and book small gains whenever they get them. This is not the time to be greedy. Compulsive traders should avoid positional trades and trade with narrow stop losses so that they can minimise losses if the market turns against them, which is quite likely. This market could indeed be a trader's graveyard with the Nifty gyrating wildly between a big band of, say, 4,500-5,400.

Mike Luckovich

Gold chains. Tennis bracelets. iPods. Computers. Big-screen flat TVs. -Whiny Times}}}}