Archive for June, 2010

BP – Worth to trade or not?

Monday, June 21st, 2010

British Petroleum, BP Plc, has been in the news for oil spill over the last weeks. It’s said on Monday that the massive oil spill in the Gulf of Mexico cost BP $2 billion, so far.. At the same time, the share price for BP have fallen around 50 % – from £60/share to £31.

BP – A risky commodity stock

If you are about to invest in commodities, or suggestion is to rather do it in the market itself. BP is very risky at the moment, and as Safe Heaven mention, BP can fall into single digits if it breaks through the current fibonacci support levels. Even though the stock might eventuelly recover, the damage fund they set up with $20 billion might not be enought.

So check out or commodity brokers if you want to trade oil, gold or any other commodity.

Best commodity indices?

Friday, June 4th, 2010

Curious about getting into a wide range of commodities, without trading with 20 various instruments? Then commodity indices might be something for you..

There are four serious commodity indices, traded on the major commodity future exchanges:

  • DJ-UBS Commodity Index
  • Continuous Commodity Index (CCI)
  • S&P GSCI (more…)