BULLION:
Gold dipped in Asia on Monday as investors stayed cautious on prospects for further gains despite easy global monetary policies. Gold for February delivery on the Comex division of the New York Mercantile Exchange dropped 0.35% to $1,226.50 a troy ounce. Reports on U.S. durable goods orders and consumer confidence will also be in focus. On Monday, the euro zone is to release survey data on manufacturing and service sector activity. Germany and France are also to release individual reports.
Gold dipped in Asia on Monday as investors stayed cautious on prospects for further gains despite easy global monetary policies. Gold for February delivery on the Comex division of the New York Mercantile Exchange dropped 0.35% to $1,226.50 a troy ounce. Reports on U.S. durable goods orders and consumer confidence will also be in focus. On Monday, the euro zone is to release survey data on manufacturing and service sector activity. Germany and France are also to release individual reports.
BASE METAL:
SHFE 1604 copper is expected to move between RMB 35,800-36,100/mt on Monday. Pro-growth measures continue in Chinese market but mounting inventories trigger worries in market. Base metals prices are expected to rise early this week but growth should slow in the latter half of the week. Investors should not be overt pessimistic or bullish due to the March-April peak season. Base metals prices are still bearish in the long term point of view with slow consumption growth.
SHFE 1604 copper is expected to move between RMB 35,800-36,100/mt on Monday. Pro-growth measures continue in Chinese market but mounting inventories trigger worries in market. Base metals prices are expected to rise early this week but growth should slow in the latter half of the week. Investors should not be overt pessimistic or bullish due to the March-April peak season. Base metals prices are still bearish in the long term point of view with slow consumption growth.
ENERGY:
Crude oil prices gained further in Asia on Monday with the front-month contract up following a drop in U.S. drilling activity last week. On Friday, consultant Baker Hughes said the U.S. rig count fell by 26 to 413 in the week ended Feb. 19. Last week, oil prices fell sharply on Friday, as market players continued to focus on a global supply glut and amid doubts over the likelihood of a collective cut happening anytime soon.
Crude oil prices gained further in Asia on Monday with the front-month contract up following a drop in U.S. drilling activity last week. On Friday, consultant Baker Hughes said the U.S. rig count fell by 26 to 413 in the week ended Feb. 19. Last week, oil prices fell sharply on Friday, as market players continued to focus on a global supply glut and amid doubts over the likelihood of a collective cut happening anytime soon.
BULLION & ENERGY
| CS GOLD (APRIL) OVERVIEW: | |
 | TREND : BULLISH
RESIST 2: 29850
RESIST 1: 29600
SUP 1: 28850
SUP 2: 28570
STRATEGY: BUY ON DIPS
|
| CS SILVER (MARCH) OVERVIEW: | |
 | TREND : BULLISH
RESIST 2: 38000
RESIST 1: 37790
SUP1: 36770
SUP2: 36460
STRATEGY : BUY ON DIPS
|
| CS CRUDE OIL (MARCH) OVERVIEW: | |
 |
TREND : BEARISH
RESIST 2:2320
RESIST 1:2280
SUP1:2190
SUP2:2150
STRATEGY: SELL ON RISE
|
| CS NATURAL GAS (FEBRUARY OVERVIEW: | |
 |
TREND : BEARISH
RESIST 2:128
RESIST 1:125
SUP1:120
SUP2:118
STRATEGY: SELL ON RISE
|
BASE METAL
| CS COPPER (FEBRUARY) OVERVIEW: | |
 | TREND :BULLISH
RESIST 2:323
RESIST 1:321
SUP1:316
SUP2:314
STRATEGY: BUY ON DIP
|
Get real time advice for Stock Market, Forex, COMEX, Stock trading tips, Forex, Commodity like gold, silver, copper, crude trading tips and all market updates. We Provide Stock trading tips. For 2 Days Free Trial, please visit our site https://goo.gl/forms/2QuakU5FCL
Our Some Best Services Read it Here…
Intraday Trading Tips , Share Market Live , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips
Intraday Trading Tips , Share Market Live , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips
Click here for comments 0 comments: