BULLION:
Gold held higher in Asia on Monday on a weaker dollar and after data in China that showed strong retail sales and industrial production. Gold for August delivery on the Comex division of the New York Mercantile Exchange gained 0.12% to $1,277.45 a troy ounce. Markets in Australia are shut for a holiday.
BASE METAL:
LME copper will head for stability on Monday and will
fluctuate between USD 4,495-4,530/mt. China’s investment data in May due for
release this week and Fed’s interest rate meeting for June to be held this week
should compound pressure on base metals this week. China’s fixed asset
investment, investment in the private and property sectors, retail sales and
profit at large industrials in May will be announced this morning.
ENERGY:
Crude oil prices fell further in Asia on Monday with investors awaiting further demand cues. In China, fixed asset investment in May rose 9.6%, below the 10.5% gain expected year-on-year. As well, industrial production for May seen gained 6.0%, a tad better than the 5.9% seen year-on-year and retail sales jumped 10%, but still below the 10.1% year-on- year expected.
Crude oil prices fell further in Asia on Monday with investors awaiting further demand cues. In China, fixed asset investment in May rose 9.6%, below the 10.5% gain expected year-on-year. As well, industrial production for May seen gained 6.0%, a tad better than the 5.9% seen year-on-year and retail sales jumped 10%, but still below the 10.1% year-on- year expected.
BULLION & ENERGY
CS GOLD (AUGUST) OVERVIEW:
TREND : BULLISH
RESIST 2: 30370
RESIST 1: 30270
SUP 1: 30050
SUP 2: 29950
STRATEGY: BUY ON DIPS
RESIST 2: 30370
RESIST 1: 30270
SUP 1: 30050
SUP 2: 29950
STRATEGY: BUY ON DIPS
CS SILVER (JULY) OVERVIEW:
TREND : BULLISH
RESIST 2: 41270
RESIST 1: 41080
SUP1: 40680
SUP2: 40250
STRATEGY : BUY ON DIPS
RESIST 2: 41270
RESIST 1: 41080
SUP1: 40680
SUP2: 40250
STRATEGY : BUY ON DIPS
CS CRUDE OIL (JUNE) OVERVIEW:
TREND :BEARISH
RESIST 2:3340
RESIST 1:3310
SUP1:3220
SUP2:3200
STRATEGY: SELL ON RISE
RESIST 2:3340
RESIST 1:3310
SUP1:3220
SUP2:3200
STRATEGY: SELL ON RISE
CS NATURAL GAS (JUNE) OVERVIEW:
TREND : BULLISH
RESIST 2:178
RESIST 1:175
SUP1:171
SUP2:168
STRATEGY: BUY ON DIPS
RESIST 2:178
RESIST 1:175
SUP1:171
SUP2:168
STRATEGY: BUY ON DIPS
BASE METAL
CS COPPER (JUNE) OVERVIEW:
TREND :BEARISH
RESIST 2:309
RESIST 1:307
SUP1:303
SUP2:301
STRATEGY: SELL ON RISE
RESIST 2:309
RESIST 1:307
SUP1:303
SUP2:301
STRATEGY: SELL ON RISE
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