Tuesday 3 December 2013

COMMODITY MARKET TREND - 04 December 2013

BASE METAL WRAP: Copper fell to the lowest in more than a week in New York as signs of a strengthening economy fueled speculation that the Federal Reserve will curb stimulus in the U.S., the world’s second-biggest user of the metal.
ENERGY WRAP: West Texas Intermediate oil advanced for a fourth day, the longest rising streak since August, as TransCanada Corp. said it will start part of its Keystone XL pipeline next month and data showed U.S. crude inventories fell.
PRECIOUS METAL WRAP: Gold traded near the lowest level in five months as signs of improving economic growth in the U.S. reinforced speculation that the Federal Reserve will taper monetary stimulus in the coming months.
GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Trade Balance, Trade Balance, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, New Home Sales, New Home Sales, Crude Oil Inventories, President Obama Speaks.
The 7.16% 2023 bond, which is the new 10-year Reuters benchmark bond, ended unchanged at 7.24%. Photo: Pradeep Gaur/Mint
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:436
RESIST1:454
RESIST2:457
TRADING STRATEGY: SELL ON RISE
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28400
SUP2:28080
RESIST1:29430
RESIST2:29530
TRADING STRATEGY: SELL ON RISE

2 comments :

  1. SELL mcx gold feb contact below at 29400 TGT 29370,29350,29330 SL 29420
    Intraday gold tips

    ReplyDelete
  2. commodity profitable tips
    COPPER (28 FEB.) TREND: CONSOLIDATE
    RES 1: 452.00
    RES 2: 454.00
    SUPP 1: 448.00
    SUPP 2: 445.00
    STRATEGY: BUY ON DIPS





    stock market tips for intraday free

    ReplyDelete

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