Post on 27-Jun-2015
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MARKET WRAP
Gold futures for August delivery fell less than 0.1 percent
Silver futures for September delivery were unchanged
Zinc prices rose to a 35-month high
Copper rose 0.1 percent to $7,130 a metric ton
Nickel, lead and aluminum gained in London.
Gold futures for August delivery fell less than 0.1 percent to $1,316.50 an ounce
on the Comex in New York. The metal pared gains of as much as 0.7 percent after
a report showed U.S. job openings rose in May to the highest level in almost seven
years. Silver futures for September delivery were unchanged at $21.013 an ounce
on the Comex. Zinc prices rose to a 35-month high as inventories dwindled amid
speculation that increasing auto sales in China and the U.S. will boost metal use.
Copper rose 0.1 percent to $7,130 a metric ton ($3.23 a pound) in London. Earlier,
the price reached $7,212, the highest since Feb. 19.
ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous
Wed Jul 9
12:30am USD Consumer Credit m/m 21.3B 26.1B
8:00pm USD Crude Oil Inventories -1.7M -3.2M
10:31pm USD 10-y Bond Auction 2.65|2.9
11:30pm USD FOMC Meeting Minutes
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TECHNICAL VIEW
GOLD(AUG) SILVER(SEP)
COPPER(AUG) CRUDE(JULY)
NATURALGAS(JULY) LEAD(JULY)
ZINC(JULY) NICKEL(JULY)
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 28250
• R1 - 27780 Resistance
• S1 - 27250
• S2 - 27080 support
• Consolidate
• Sell on high
Trend
Strategy • R2 - 46700
• R1 - 45950 Resistance
• S1 - 44450
• S2 - 43280 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 445
• R1 - 438 Resistance
• S1 - 427
• S2 - 419 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 6320
• R1 - 6250 Resistance
• S1 - 6130
• S2 - 6050 support
• Consolidate
• Sell on high
Trend
Strategy •R2 - 265
•R1 - 258 Resistance
•S1 - 247
•S2 - 241 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 136.7
• R1 - 133.3 Resistance
• S1 - 128.2
•S2 - 125.5 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 139.5
•R1 - 137.7 Resistance
•S1 - 133.2
•S2 - 130.3 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 1238
•R1 - 1195 Resistance
•S1 - 1143
•S2 - 1112 support
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ALUMINIUM(JULY)
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• Consolidate
• Buy on dips
Trend
Strategy •R2 - 118.3
•R1 - 115.8 Resistance
•S1 - 112.3
•S2 - 109.5 support