BULLION:
Gold prices drifted slightly higher in Asia on Tuesday as markets weighed fresh comments from Fed policymakers on the track for rate hikes in 2016. Gold for April delivery on the Comex division of the New York Mercantile Exchange rose 0.14% to $1,245.90 a troy ounce. Earlier in the day, San Francisco Fed President John Williams downplayed worries that falling market-based measures of inflation are predictive of overall U.S. price measures.
Gold prices drifted slightly higher in Asia on Tuesday as markets weighed fresh comments from Fed policymakers on the track for rate hikes in 2016. Gold for April delivery on the Comex division of the New York Mercantile Exchange rose 0.14% to $1,245.90 a troy ounce. Earlier in the day, San Francisco Fed President John Williams downplayed worries that falling market-based measures of inflation are predictive of overall U.S. price measures.
BASE METAL:
LME copper price gains will be
dampened by rallies in dollar and soft crude oil prices and will move between
USD 5,020-5,080/mt during Asian trading hours Tuesday. Market will eye March
economic climate index and current conditions index from the euro zone and
Germany, as well as FHFA home price index for January on Tuesday. Market
expects Germany’s March IFO economic climate index and ZEW economic climate
index for Germany and the euro zone to show improvement.
ENERGY:
Crude oil moved between small gains and losses in Asia on Tuesday with U.S. supply estimates in focus. Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general said on Monday, as the country is seeking to raise its exports after Western sanctions were lifted on Tehran in January. Iran is keen to increase its oil exports, which fell by more than half during the sanctions over Tehran's disputed nuclear program, and has said it should not be bound by a production freeze until it can recover its market share.
Crude oil moved between small gains and losses in Asia on Tuesday with U.S. supply estimates in focus. Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC's secretary general said on Monday, as the country is seeking to raise its exports after Western sanctions were lifted on Tehran in January. Iran is keen to increase its oil exports, which fell by more than half during the sanctions over Tehran's disputed nuclear program, and has said it should not be bound by a production freeze until it can recover its market share.
BULLION & ENERGY
| CS GOLD (APRIL) OVERVIEW: | ||
 |
TREND : BEARISH
RESIST 2: 29470
RESIST 1: 29120
SUP 1: 28830
SUP 2: 28420
STRATEGY: SELL ON RISE | |
| CS SILVER (MAY) OVERVIEW: | ||
 | ||
| CS CRUDE OIL (MARCH) OVERVIEW: | ||
 |
TREND : BULLISH
RESIST 2:2840
RESIST 1:2800
SUP1:2740
SUP2:2700
STRATEGY: BUY ON DIPS | |
| CS NATURAL GAS (MARCH) OVERVIEW: | ||
 |
| |
BASE METAL
| CS COPPER (APRIL) OVERVIEW: | |
 |
TREND :
SIDEWAYS
RESIST
2:342
RESIST
1:340
SUP1:335
SUP2:334
STRATEGY:
BUY ON DIPS
|
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: