Today Commodity Market Trading Report 09-07-2014

Daily Newsletter-Commodity 09/07/2014

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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



• S1 - 44450


• Consolidate

• Buy on dips

Trend



• S1 - 427


• Consolidate

• Buy on dips

Trend



• S1 - 6130


• 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


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 1238

•R1 - 1195 Resistance

•S1 - 1143

•S2 - 1112 support


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Phone- (0731)6615050-6620150

ALUMINIUM(JULY)

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This material is for personal information and based upon it & takes no responsibility

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 118.3

•R1 - 115.8 Resistance

•S1 - 112.3


Today Commodity Market Trading Report 09-07-2014

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Transcript of Today Commodity Market Trading Report 09-07-2014