BULLION:
Gold prices fell further in Asia on Tuesday as investors took profits ahead of central bank reviews this week with the Bank of Japan up first in holding policy steady. Gold for April delivery fell 1.21% to $1,230.00 a troy ounce. A day later, the Federal Reserve will issue its latest monetary policy statement following the completion of its two-day Federal Open Market Committee (FOMC) for the month of March.
Gold prices fell further in Asia on Tuesday as investors took profits ahead of central bank reviews this week with the Bank of Japan up first in holding policy steady. Gold for April delivery fell 1.21% to $1,230.00 a troy ounce. A day later, the Federal Reserve will issue its latest monetary policy statement following the completion of its two-day Federal Open Market Committee (FOMC) for the month of March.
BASE METAL:
LME copper will fluctuate between
USD 4,920-4,970/mt during Asian trading hours Tuesday. Copper prices were
dragged down by crude oil prices overnight. SHFE 1605 copper will range RMB
37,200-37,700/mt. US February inflation, retail sales, home price and New York
Fed’s manufacturing index slated for release today are expected to be mixed.
This will affect exchange rate market, but give limited effect on base metals.
Base metals are expected to remain range-bound today.
ENERGY:
Crude oil prices reversed course and fell in Asia on Tuesday ahead of industry estimates of U.S. stockpiles and continued back-and-forth over prospects for an output freeze by key producers. Overnight, crude prices slid from three-month highs on Monday, after Russia lent support to Iran's refusal to align with other major producers in a joint effort to cap output, placing a potential OPEC-Non OPEC production freeze in jeopardy.
Crude oil prices reversed course and fell in Asia on Tuesday ahead of industry estimates of U.S. stockpiles and continued back-and-forth over prospects for an output freeze by key producers. Overnight, crude prices slid from three-month highs on Monday, after Russia lent support to Iran's refusal to align with other major producers in a joint effort to cap output, placing a potential OPEC-Non OPEC production freeze in jeopardy.
BULLION & ENERGY
| CS GOLD (APRIL) OVERVIEW: | ||
 |
TREND : BEARISH
RESIST 2: 29460
RESIST 1: 29220
SUP 1: 28785
SUP 2: 28400
STRATEGY: BUY ON DIPS | |
| CS SILVER (MAY) OVERVIEW: | ||
 |
TREND : BEARISH
RESIST 2: 37830
RESIST 1: 37560
SUP1: 36850
SUP2: 36650
STRATEGY : SELL ON RISE | |
| CS CRUDE OIL (MARCH) OVERVIEW: | ||
 |
TREND :BEARISH
RESIST 2:2580
RESIST 1:2550
SUP1:2460
SUP2:2420
STRATEGY: SELL ON RISE | |
| CS NATURAL GAS (MARCH) OVERVIEW: | ||
 |
| |
BASE METAL
| CS COPPER (APRIL) OVERVIEW: | |
 |
TREND
:BEARISH
RESIST
2:339
RESIST
1:336
SUP1:331
SUP2:329
STRATEGY:
SELL ON RISE
|
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 http://goo.gl/t8bxMx
Our Some Best Services Read it Here…
Click here for comments 0 comments: