BULLION:
Gold prices eased in Asia on Wednesday, trimming overnight gains linked to risk sentiment after deadly bombings in Belgium. Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.92$ to $1,237.10 a troy ounce. Risk sentiment took a hit after explosions tore through the departure hall of Brussels airport on Tuesday morning killing at least 26 people and injuring 35 others and a second blast struck a metro station in the capital shortly afterwards.
Gold prices eased in Asia on Wednesday, trimming overnight gains linked to risk sentiment after deadly bombings in Belgium. Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.92$ to $1,237.10 a troy ounce. Risk sentiment took a hit after explosions tore through the departure hall of Brussels airport on Tuesday morning killing at least 26 people and injuring 35 others and a second blast struck a metro station in the capital shortly afterwards.
BASE METAL:
LME copper will keep fluctuating
and narrowly range USD 5,030-5,085/mt during Asian trading hours Wednesday.US
February new home sales may improve, which however, will not wane expectation
for weakening of US housing market. Given sharp fall in US February exist-home
sales and continuous gains in US home price index, tight supply and rising
house prices will pose pressure on US property market. Attention will be also
turning to speeches delivered by Chairmen of Philadelphia Federal Reserve and
Federal Reserve Bank of ST. Louis.
ENERGY:
Crude oil prices fell further in Asia on Wednesday despite a drop in U.S. industry estimates of crude and refined product stocks last week. The American Petroleum Institute said that crude oil stock fell 1.37 million barrels last week, while distillates stocks eased 391,000 barrels and gasoline stock dropped 4.302 million barrels as U.S. refiners gear up for the summer driving season.
Crude oil prices fell further in Asia on Wednesday despite a drop in U.S. industry estimates of crude and refined product stocks last week. The American Petroleum Institute said that crude oil stock fell 1.37 million barrels last week, while distillates stocks eased 391,000 barrels and gasoline stock dropped 4.302 million barrels as U.S. refiners gear up for the summer driving season.
BULLION & ENERGY
| CS GOLD (APRIL) OVERVIEW: | ||
 |
TREND : BEARISH
RESIST 2: 29470
RESIST 1: 29120
SUP 1: 28830
SUP 2: 28390
STRATEGY: SELL ON RISE | |
| CS SILVER (MAY) OVERVIEW: | ||
 |
TREND : BEARISH
RESIST 2: 38300
RESIST 1: 38150
SUP1: 37490
SUP2: 37250
STRATEGY : SELL ON RISE | |
| CS CRUDE OIL (MARCH) OVERVIEW: | ||
 |
TREND : BULLISH
RESIST 2:2840
RESIST 1:2800
SUP1:2700
SUP2:2670
STRATEGY: BUY ON DIPS | |
| CS NATURAL GAS (MARCH) OVERVIEW: | ||
 |
| |
BASE METAL
| CS COPPER (APRIL) OVERVIEW: | |
 |
TREND :
SIDEWAYS
RESIST
2:342
RESIST
1:340
SUP1:337
SUP2:335
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: