BULLION:
Gold fell in Asia on Monday with markets in the U.S. and U.K. shut for holidays and investors focused on a possible Fed interest rate hike as early as next month. Japan reported retail sales for April fell 0.8%, less than the 1.2% decline expected year-on-year. U.S. markets will be closed for the Memorial Day holiday. Gold for August delivery on the Comex division of the New York Mercantile Exchange eased 0.97% to $1,204.85 a troy ounce.
Gold fell in Asia on Monday with markets in the U.S. and U.K. shut for holidays and investors focused on a possible Fed interest rate hike as early as next month. Japan reported retail sales for April fell 0.8%, less than the 1.2% decline expected year-on-year. U.S. markets will be closed for the Memorial Day holiday. Gold for August delivery on the Comex division of the New York Mercantile Exchange eased 0.97% to $1,204.85 a troy ounce.
BASE METAL:
A series of key economic data and events will come under the spotlight in the second half of this week. LME and COMEX are closed on Monday for holidays.US May employment data and manufacturing PMIs from major economies, in particular, will grab market attention. The US dollar index, instead of tumbling after worse-than-expected US April non-farm payrolls, actually kept rising.
A series of key economic data and events will come under the spotlight in the second half of this week. LME and COMEX are closed on Monday for holidays.US May employment data and manufacturing PMIs from major economies, in particular, will grab market attention. The US dollar index, instead of tumbling after worse-than-expected US April non-farm payrolls, actually kept rising.
ENERGY:
Crude prices gave up early gains and headed to flat territory in Asia on Monday with holidays in the U.S. and the U.K. expected to keep trade light and markets looking ahead to an OPEC meeting near the end of the week. On the New York Mercantile Exchange, crude oil for delivery in July rose 0.04% to $49.35 a barrel. Brent crude was last quoted down 0.20% to $49.85 a barrel.
Crude prices gave up early gains and headed to flat territory in Asia on Monday with holidays in the U.S. and the U.K. expected to keep trade light and markets looking ahead to an OPEC meeting near the end of the week. On the New York Mercantile Exchange, crude oil for delivery in July rose 0.04% to $49.35 a barrel. Brent crude was last quoted down 0.20% to $49.85 a barrel.
BULLION & ENERGY
CS GOLD (AUGUST) OVERVIEW:
TREND : BEARISH
RESIST 2: 29200
RESIST 1: 28900
SUP 1: 28500
SUP 2: 28350
STRATEGY: SELL ON RISE
TREND : BEARISH
RESIST 2: 29200
RESIST 1: 28900
SUP 1: 28500
SUP 2: 28350
STRATEGY: SELL ON RISE
CS SILVER (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 39100
RESIST 1: 38970
SUP1: 38100
SUP2: 37700
STRATEGY : SELL ON RISE
TREND : BEARISH
RESIST 2: 39100
RESIST 1: 38970
SUP1: 38100
SUP2: 37700
STRATEGY : SELL ON RISE
CS CRUDE OIL (JUNE) OVERVIEW:
TREND :BEARISH
RESIST 2:3380
RESIST 1:3350
SUP1:3290
SUP2:3240
STRATEGY: SELL ON RISE
TREND :BEARISH
RESIST 2:3380
RESIST 1:3350
SUP1:3290
SUP2:3240
STRATEGY: SELL ON RISE
CS NATURAL GAS (JUNE) OVERVIEW:
TREND : BEARISH
RESIST 2:152
RESIST 1:150
SUP1:144
SUP2:141
STRATEGY: SELL ON RISE
TREND : BEARISH
RESIST 2:152
RESIST 1:150
SUP1:144
SUP2:141
STRATEGY: SELL ON RISE
BASE METAL
CS COPPER (JUNE) OVERVIEW:
TREND :SIDEWAYS
RESIST 2:320
RESIST 1:316
SUP1:311
SUP2:309
STRATEGY: BUY ON DIPS
TREND :SIDEWAYS
RESIST 2:320
RESIST 1:316
SUP1:311
SUP2:309
STRATEGY: BUY ON DIPS
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