Vector Commodities

Vector Commodities We always strive to provide strength and support to our clients and business partners.

Vector Capital (Pvt) Limited is a financial brokerage firm incorporated in Pakistan. As a member of the Pakistan Merchantile Exchange Company Limited (PMEX), the firm offers broking services in the country's only commodities futures exchange. Vector Capital is also active in the Pakistani fixed income securities market offering broking services to banks, corporations, employee funds, mutual funds

and other financial institutions in a range of fixed income products such as bonds, treasury bills, commercial papers and deposits/placements with financial institutions. The firm also provides brokerage services to commercial banks on the dollar-rupee spot and forward counters. Vector Capital (Pvt) Limited is accredited and works under the guidelines provided by the Financial Markets Association of Pakistan, an inter-bank association of treasury professionals in Pakistan. The client list of Vector Capital includes almost all commercial and investment banks, non-banking financial institutions, corporations, mutual funds, employee funds, insurance companies, and other institutional investors. Vector Capital was originally established as Akhai Capital Management (Pvt) Limited in 2005 with the object of providing financial brokerage services to the inter-bank market in Pakistan. The Company obtained accreditation of Financial Markets Association of Pakistan (FMA) in 2005 and started providing brokerage services to commercial banks and other financial institutions in fixed income and foreign exchange products under the aegis of FMA. The name of the Company was changed to Vector Capital (Pvt) Limited subsequent to its acquisition by the Vector Group in June 2009.

20/04/2015

Gold - Strategy: Neutral

The gold markets had a slightly positive session on Friday, but found the $1220 level to be resistive. Ultimately, the markets look like the ready to continue going sideways overall, and as a result we don’t really have an interest in dealing with this market at the moment. In fact, it’s not until we get above the $1220 level that we are interested in buying for any real length of time, or a break down below the $1180 level that we would be interested in selling.

Silver - Strategy: Neutral

Silver markets initially rallied during the course of the session on Friday, testing the $16.50 level. That area offered a bit of resistance, and as a result the market turned back around to form a shooting star. With that, the market looks as if it’s going to struggle to break out of the recent consolidation, so therefore we are going to stay on the sidelines as there will be easier ways to make money in the markets. However, we will watch this market to see if trading opportunities present themselves in the next few sessions.

Crude Oil - Strategy: Buy on Dips

The crude market did very little during the session on Friday, as we continue to meander around the $56 handle. The candle was negative, but just barely. This is an area where a support and a resistive area for light, so it’s going to be interesting to see whether or not market makes up its mind quickly. If we get a break out to the upside and we believe that the $60 level will be the next target although we also recognize that there is a lot of choppiness between here and there. On the other hand, if we break down below the $55 level, we feel the market will then probably try to head back down to about $52. Ultimately, we believe that no matter what happens this market is going to be very choppy and volatile overall.

15/04/2015

Gold - Strategy: Buy on Dips

Gold markets fell during the bulk of the session on Tuesday, but found enough support just above the 1180 level to turn things back around and form a hammer. Because of this, we believe that the market should continue to go between the 1180 level on the bottom, and the 1220 level on the top. With this being said, it looks as if we are ready to rally at this point in time and head back towards the 1220 handle given enough time. Both way this is a short-term traders market at best and we believe you will have to be very nimble.

Silver - Strategy: Buy on Dips

Silver markets fell during the session on Tuesday, but found enough support at the $16 level to turn things back around and form a hammer. Because of this, it looks like the market is going to continue to consolidate overall and it’s only a matter of time before we break out to the upside. That breakout will be contained below the 17.50 level in our opinion, and as a result we believe this is a short-term buying opportunity on a break of the top of the hammer. Beyond that though, there’s not much to do in this market.

Crude Oil - Strategy: Sell on Strength

Crude markets rose during the course of the session on Tuesday, but failed it to break above the $54 level. Ultimately, we believe that there is a significant amount of resistance at the $55 level as well, and as a result we have no interest in buying. We are looking for some type of resistive candle in order to start selling, and will essentially wait for that to happen. We believe that a break above $56 is needed in order to start buying, so at this point time we are still very bearish of this market. We are approaching towards the top of the resistance barrier and more importantly the consolidation area, so we believe that the sellers will step back in.

14/04/2015

Gold - Strategy: Buy on Dips

Gold markets fell during the course of the day on Monday, testing the $1200 level. We broke below it slightly, but at this point in time it appears that we are just basically going to hover around the level as well. Ultimately, we need to break above the $1220 level to the upside in order to start buying with any serious confidence. On the other hand, if we can break down below the $1180 level, we would be sellers at that point in time as we should then go to the $1140 level.

Silver - Strategy: Buy on Dips

Silver markets fell slightly during the day on Monday, as we continue to consolidate overall. After all, the market has been stuck between $16 on the bottom and $16.50 on the top recently. But more importantly, we believe that the breaking below of $16 could send this market looking to the $15.50 handle. On the other hand, we believe that if we can break above the $17.50 level, we feel that this market could go much, much higher. In the meantime, expect quite a bit of massive volatility in a market that simply does not know which way to go

Crude Oil - Strategy: Sell on Strength

The light sweet crude markets rallied during the session initially on Monday, but ran into enough resistance at the $53 level to turn things back around and form a shooting star. Ultimately, if we can break down below the bottom the shooting star, we feel that this market should then go to the $50 level and possibly even lower than that, with a target of $48. We have no interest whatsoever in buying this market, at least not until we get above the $55 level, something that doesn’t seem very likely at this point in time. We continue to sell oil again and again based upon a stronger than anticipated US dollar, and as long as that is true we have no interest in buying. Ultimately, we recognize that the oil markets are going to be choppy, but we feel much more comfortable selling than buying regardless of what happens.

09/04/2015

Gold - Strategy: Buy on Dips

Gold markets fell during the course of the session on Wednesday, testing the $1200 handle. Market filled the gap from a couple of days ago now, and it seems as if the market could very well find quite a bit of buyers in this general vicinity. If we break down below here though, we should head to the $1180 handle. As far as buying is concerned, we need to remain above the $1180 level and eventually break above the $1220 level, which of course should send this market much higher.

Silver - Strategy: Buy on Dips

The silver markets fell during the course of the session on Wednesday, testing the support near the 16.50 handle. Ultimately, if we can break down below the bottom of the range during the session on Wednesday, the market should then head to the 16.00 level next, and then eventually the 15.50 level. Ultimately, we believe that the silver markets look very soft, but we need to get that selling signal in order to start shorting this market again. A supportive candle in this area could signal that we are going to bounce back to the 17.50 level, so we will wait to see what happens next.

Crude Oil - Strategy: Sell on Strength

The crude market fell significantly after gapping lower during the session on Wednesday. In fact, we broke down below the $51 level, and it now seems as if we are heading to at least $50 in the short-term. We believe that the market goes much lower than that given enough time, probably reaching towards the $45 level. We have no interest whatsoever in buying this market, because we are finding resistance at the top of the overall consolidation. We’ve gotten no interest in going against the overall downtrend as it has been so strong, so therefore we feel that it makes the most sense simply looking for selling opportunities like this has opened up for us. We also believe that rallies will simply offer short-term selling opportunities going forward as well.

02/04/2015

Gold - Strategy: Buy on Dips

The gold markets broke much higher during the session on Wednesday, using the 1180 level as a bit of a springboard. We believe that ultimately this market is going to break out above the 1220 level, but it’s not until we clear that area before we start buying. On the other hand though, if we formed a resistive candle in that area, we would be more than willing to start selling as it looks as if the market would then start to consolidate yet again. Ultimately, we expect volatility no matter what happens.

Silver - Strategy: Buy on Dips

The silver markets broke higher during the course of the day on Wednesday after initially testing the $16.50 level. With this bullish candle, it looks as if we are going to head to the $17.50 level, and it’s also possible that we break out above there.

Crude Oil - Strategy: Sell on Strength

The crude oil market had a very bullish day on Wednesday, as we tested the $50 level yet again. That being the case, the market looks as if it is trying to get a little bit of bullish attitude in it, but we also recognize that there is a massive amount of resistance just above. Keep in mind that a resistive candle could appear anywhere between here and $55 and still give us a nice selling opportunity. Even though this is a very nice-looking bullish candle, we will not take advantage of it as a buying signal, simply because the trend is so negative. The US dollar continues to be the strongest currency in the world right now, so it makes sense that commodity markets will suffer. We have no interest in buying this market as the sellers are firmly in control.

01/04/2015

Gold - Strategy: Buy on Dips

Gold markets went back and forth during the session on Tuesday, testing the 1180 handle. This is an area that we had anticipated as being continually important in this market, so the fact that support arrived isn’t that big of a surprise. We believe that the bounce from here will more than likely test the $1200 level next. On the other hand, if we break down below the bottom of the range for the Tuesday session, this market will more than likely head back down to the 1150 level. The market should ultimately be volatile no matter what, so the options pits might be the best way to play this market.

Silver - Strategy: Buy on Dips

The silver markets initially fell during the course of the day on Tuesday, but struggled to keep the losses as the 16.50 level offered support yet again. This is an area that has offered support and resistance both several times, and as a result it’s not a big surprise that it affected the market yet again. The resulting support ended up turning the market around in forming a hammer, which of course is very bullish. If we can break the top of this hammer, we believe that the market then heads to the 17.50 level given enough time. The 17.00 level will of course be a bit resistive as well, but ultimately we do think that the market will break above there.

Crude Oil - Strategy: Sell on Strength

The crude markets fell during the session on Tuesday, testing the $47.50 level for support. The $47 level below that is of course supportive as well, but if we can break below there, we should see this market fall even lower and heading to the $45 handle. The market has been very bearish overall, and this is a market that we think will sell off every time it rallies. The market should continue to fall based not only upon the lack of demand, but also the rising value of the US Dollar. The $50 level above should be resistive, as the $52 level is. This is a market that we have no interest in going long in, but recognize that there is going to be rallies from time to time as it has seen so much volatility over the course of the last several months.

30/03/2015

Gold - Strategy: Buy on Dips

The gold markets fell during the session initially on Friday, but found enough support below to turn things back around and form a nice-looking hammer. That being the case, if the market breaks above the top of that hammer, we should then head to the $1220 level. That area will be resistive, based upon what we had seen happen on Thursday. Ultimately though, if we can break above the $1220 level, we should go much, much higher. We have no interest in selling yet, but below the $1180 level we would in fact start doing so.

Silver - Strategy: Buy on Dips

The silver markets broke down during the course of the session on Friday, going below the $17.00 level. However, we found enough support to turn things back around and form a hammer. Ultimately, we believe that the markets are probably going to be very volatile in the short-term, but if we can break above the $17.50 level, we believe that the silver markets can break out significantly. On the other hand, if we break down below the $16.75 level, we feel that this market will probably head down to the $16 level in the short-term.

Crude Oil - Strategy: Sell on Strength

The crude market fell during the session on Friday, forming a slightly negative candle. This suggests that the bullish pressure is running out, as we have formed a smaller range on Friday then Thursday, and has also turned things back around to show negativity. If we break down below the bottom of the range for the Thursday session, it is in fact a selling signal, so we are short of this market below the $49 handle. We have no interest whatsoever in buying, as there is a significant amount of resistance just above. That being said, we recognize that there should be a lot of volatility in this marketplace going forward, but we recognize that the market will more than likely head back to the $45 level, which of course is in line with the longer-term downtrend that we have seen in this market for so long.

27/03/2015

Gold - Strategy: Buy on Dips

Gold markets rallied during the session on Thursday, testing the $1220 level for resistance. We did in fact find resistance there, so we turned back around and formed a shooting star. If we can break down below the $1180 level, we feel the market will sell off to the $1140 level. On the other hand, if we break the top of the shooting star that would be an excellent buying opportunity. In the meantime, expect a lot of volatility but we should make some decisions fairly soon about the longer-term move in the gold markets.

Silver - Strategy: Buy on Dips

The silver markets broke higher during the course of the session on Thursday, testing the $17.50 level. However, we pullback enough to form a massive shooting star, so now we are on the fence about where to go next. If we can break down below the $16.75 level, we feel that this market should sell off back to the $16.00 level. However, if we get above the $17.50 level, we would be buyers at that point time as we should then head to the $18.50 level next.

Crude Oil - Strategy: Sell on Strength

The crude market rallied during the session on Thursday, but found enough resistance near the $53 level to turn things back around and selloff about half of the gains for the session. This only confirms what we believe, that the oil markets will sell off every time we rally. We believe that the market will invariably head back down to the $45 level given enough time. We don’t have any interest in buying this market and we look to short-term rallies as opportunities to get involved again and again. If we can break down below the $44 level, we feel the market then heads to the $40 level given enough time. In fact, we have no interest whatsoever in buying this market until we get above the $56 level, something that isn’t going to happen anytime soon.

26/03/2015

Gold - Strategy: Buy on Dips

Gold markets initially fell during the course of the session on Wednesday, but found enough support to turn things back around and head towards the $1200 level. The $1200 level of course is resistive, so we believe that if we can close above the $1200 level on a daily chart though, the buyers would then come in and push the market much higher. On the other hand, if we break below the $1180 level, we are sellers as the market should head back down to the $1140 level.

Silver - Strategy: Buy on Dips

Silver markets went back and forth during the course of the session on Wednesday, testing the $17.00 level. With that being the case, the market looks as if it is going to struggle in this general vicinity, so we are looking for pullbacks in order to start buying again, as we would anticipate seeing the support enter at $16.50 or so. On the other hand, if we can break above the top of the range for the Wednesday session, we would be buyers there as well.

Crude Oil - Strategy: Sell on Strength

The crude market initially tried to fall during the session on Wednesday, testing the $47 level for support. It did in fact find it, and then ended up going higher, heading towards the $48.50 level. Ultimately, the market looks as if it is trying to go higher and reach towards the $50 handle. That area should be rather resistive, and as a result we are simply going to let this market rise a bit and then start looking to sell it again. We believe that the long-term downtrend continues, as the US dollar continues to strengthen overall and the demand for oil simply isn’t there. On top of that, we have almost no storage left in the United States for petroleum, as the Americans are completely awash in crude oil. Because of this, we believe that it’s only a matter of time before we start selling off again in this marketplace.

25/03/2015

Gold - Strategy: Buy on Dips
The gold markets initially fell during the course of the session on Tuesday, but found enough support to turn things back around and form a positive candle. That being the case, the market looks like it’s ready to head towards the $1200 level, as it will be very resistive as it was once so supportive. With this, we believe that the market will head to the $1200 level.

Silver - Strategy: Buy on Dips

The silver markets gapped higher initially during the open on Tuesday, but then turned back around to try to find support. By doing so, we ended up forming a hammer. This hammer of course could be a positive sign but we need to break above the shooting star from the previous session. If we do get above there, the market should then head to the 17.50 level. Pullbacks at this point time could be buying opportunities, but we believe that it’s only a matter of time before the buyers step in and push the market higher as we have seen such a significant amount of bullish pressure.

Crude Oil - Strategy: Sell on Strength

The light sweet crude market rallied during the session on Tuesday, testing the $49 level but then pullback in order to form a nice-looking shooting star. The shooting star of course is a negative sign, and as a result if we break the bottom of it we believe that this market will continue to go little bit lower, probably heading towards the $45 next. We believe that the market is still most certainly in a downtrend, and this of course signifies that we may continue the downtrend in a moment. If we do, we would anticipate the market trying to head to the $44 level, and then perhaps even lower than that. We recognize that rallies continue to offer selling opportunities, and that the $50 level above will continue to be massively resistive. We believe that the resistance in that area probably runs all the way to the $55 handle.

24/03/2015

Gold - Strategy: Buy on Dips

The gold markets as you can see initially fell during the course of the session on Monday, but found enough support at the $1180 level to turn things back around and form a hammer. With that being the case, the market looks as if it’s ready to head towards the $1200 handle. That area starts quite a bit of resistance though, extending all the way to at least the $1220 level. If we break down below the $1180 level, we feel that the market should then head back and try to fill the gap that formed several sessions ago.

Silver - Strategy: Buy on Dips

Silver markets went back and forth during the session on Monday, as we continue to try to break above the $17 level. We believe that a move above the $17 level since this market looking for the $17.50 level, and at this point in time pullback should offer buying opportunities as well, as there should be plenty of support after the bullish move that we saw on Friday. We believe that the markets will continue to try to break out, but it might be quite volatile between now and that final move. We believe that the $15 level below is the absolute bottom of the market.

Crude Oil - Strategy: Sell on Strength

The crude markets initially fell during the course of the session on Monday, but found enough support just above the $45 level to turn things back around and form a hammer. This hammer of course suggests that we are going to go higher, perhaps breaking all the way to the $50 level over the course of the next several sessions. However, before we start buying, we are going to have to wait until we get the market moving above the $48 handle. While the $50 level looks like a decent target, getting above there might be a bit more of a challenge given enough time. We believe that selling a resistant candle once we reach that area is in fact going to be an excellent trading opportunity as well. We expect plenty of volatility, with more of a downward bias over the longer term.

20/03/2015

Gold - Strategy: Buy on Dips

Gold markets gapped higher at the open on Thursday, clearing the 1160 level. However, we could not break above 1180, and in the end formed a fairly neutral candle. Nonetheless, there is a gap below that should offer support now. Because of this, we look at pullbacks as potential buying opportunities in gold, as it appears that we are trying to form some type of base at the moment. If we did break down below the 1140 level however, this would suddenly become very bearish market yet again. Pain attention to the 1180 handle is key to longer-term decisions.

Silver - Strategy: Buy on Dips

Silver markets gapped higher during the open on Thursday, breaking above the 16 points or zero dollars level. Because of this, we think that the gap will be filled fairly soon, and therefore pullback should end up offering a buying opportunity. We need to see supportive candle obviously, but that is in fact reason to start going long. We also recognize that perhaps the longer-term signal to start buying has already been found, as we have cleared the top of the shooting star from Wednesday. We have no interest in selling at the moment.

Crude Oil - Strategy: Sell on Strength

The light sweet crude market fell during the session on Thursday, as we continue to see resistance of the $45 level. This is a strong downtrend obviously, so we believe that selling only, as the market will certainly has a lot of downward pressure on it. With that being the case, we feel that the market then goes down to the $40 level, which of course is the next large, round, psychologically significant number. The US dollar appears to be strengthening yet again, and as a result it will more than likely continue to work against the value of the light sweet crude market as well.

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