Daily Commodity Trends

Ritika Sharma

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GM GOOD MORNING BULLION MARKET UPDATE
GOLD TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1- 29500, S2- 29350
R1- 29800, R2- 30000

SILVER TREND: CONSOLIDATE
STRATEGYUY ON DIPS
S1- 52800, S2- 51500
R1- 54000, R2- 55000

COPPER TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1- 420, S2-415
R1- 430, R2- 435

CRUDE TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1- 4700, S2- 4600
R1- 4900, R2- 5000
(y)
 
GOLD:- Gold was little changed on Thursday, as investors remained cautious after meeting minutes showed the Federal Reserve was unlikely to launch more monetary stimulus until U.S. economic conditions weakened further.

COPPER:- Copper edged down on Thursday, dropping for a fifth session out of seven, as uncertainty the U.S. Federal Reserve would launch more stimulus measures soured market sentiment, with prices in tight ranges on caution before China's GDP data.:smart:
 
Gm good morning bullion market update
gold trend:consolidate
strategy:- sell on high
s1- 29000 s2- 28850
r1- 29350 r2- 29650

silver trend:consolidate
strategy buy on dips
s1-52000 s2- 51000
r1- 53800 r2- 54500

copper trend:consolidate
strategy:- buy on dips
s1- 422 s2-416
r1- 430 r2- 436

crude trendullish
strategy:- buy on dips
s1- 4700 s2- 4620
r1- 4900 r2- 5000
 
Gm good morning bullion market update
gold trend: Consolidate
strategy:- sell on high
s1- 29000 s2- 28850
r1- 29350 r2- 29650

silver trend: Consolidate
strategy:- buy on dips
s1-52000 s2- 51000
r1- 53800 r2- 54500

copper trend: Consolidate
strategy:- buy on dips
s1- 424 s2-416
r1- 435 r2- 440

crude trendullish
strategy:- buy on dips
s1- 4900 s2- 4800
r1- 5250 r2- 5400:clap:
 
Gold trend bullish
strategy buy on dips
s1- 29350 s2- 29100
r1- 29650 r2- 29850

silver trend: Consolidate
strategy sell on high
s1-52000 s2- 51000
r1- 53800 r2- 54500

copper trend:consolidate
strategy:- buy on dips
s1- 414 s2-410
r1- 424 r2- 432

crude trend:consolidate
strategy:- buy on dips
s1- 4900 s2- 4800
r1- 5100 r2- 5250

nickeltrend:consolidate
strategy:- sell on high
s1- 870 s2-860
r1- 890 r2- 900

zinc trend:consolidate
strategy:- buy on dips
s1- 101 s2-100
r1- 102.8 r2- 104

lead trend:consolidate
strategy:- sell on high
s1- 103 s2-101.5
r1- 106 r2- 107.5

aluminium trend: Consolidate
strategy:- buy on dips
s1- 102 s2-100
r1- 107 r2- 110
 
Gm good morning bullion market update
gold trend: Bullish
strategy buy on dips
s1- 29650 s2- 29450
r1- 30050 r2- 30150

silver trend: Bullish
strategy buy on dips
s1-52500 s2- 51000
r1- 54500 r2- 55500

copper trend: Consolidate
strategy:- buy on dips
s1- 416 s2-410
r1- 424 r2- 430

crude trend:consolidate
strategy:- buy on dips
s1- 4900 s2- 4800
r1- 5100 r2- 5200

nickeltrend:consolidate
strategy:- buy on dips
s1- 880 s2-860
r1- 900 r2- 915

zinc trend: Consolidate
strategy:- buy on dips
s1- 100.5 s2-99
r1- 102 r2- 103.5


aluminium trend: Consolidate
strategy:- buy on dips
s1- 102 s2-100
r1- 104.5 r2- 106

natural gas trend:consolidate
strategy:- buy on dips
s1- 165 s2-155
r1- 180 r2-189
 
Gold trend :- bullish
strategy buy on dips
s1- 29650 s2- 29450
r1- 30050 r2- 30150

silver trend :- bullish
strategy buy on dips
s1-52500 s2- 51000
r1- 54200 r2- 55300

copper trend:consolidate
strategy:- buy on dips
s1- 416 s2-410
r1- 424 r2- 430

crude trend:consolidate
strategy:- buy on dips
s1- 4900 s2- 4800
r1- 5100 r2- 5200

nickeltrend:consolidate
strategy:- buy on dips
s1- 875 s2-860
r1- 895 r2- 910

lead trend:consolidate
strategy:- buy on dips
s1- 105 s2-103.5
r1- 107 r2- 108.5

zinc trend:consolidate
strategy:- buy on dips
s1- 101 s2-100
r1- 103 r2- 104.5

aluminium trend:consolidate
strategy:- buy on dips
s1- 102 s2-100
r1- 104.5 r2- 106

natural gas trend:consolidate
strategy:- buy on dips
s1- 165 s2-155
r1- 180 r2-189
 
GOLD:- Gold inched lower on Wednesday, after advancing for three straight days on hopes that central banks in Europe and the United States will launch more stimulus measures to help shore up faltering economies.

COPPER:- London copper fell on Wednesday after a three-day rally that pushed prices to a one-week top in the previous session, although hopes of more action from Europe to sort out its debt crisis continued to buttress the outlook for metal demand.

SPOT SILVER:- Spot silver eased to $27.99 per ounce, after rising to a one-week high of $28.23 on Tuesday, but traders said the metal was still struggling to break a range that has held for more than a month.
 
It looks like $SILVER is waltzing with $GOLD and $EURUSD. Whenever these two are up or down, $SILVER follows suit.
 
GOLD

Gold hovered above $1,600 an ounce on Thursday, as investors waited for more clues on the timing and extent of any further stimulus from central banks after U.S. data painted a mixed picture on the health of the world's largest economy.

COPPER

London copper climbed on Thursday, helped by a weaker dollar and hopes for more economic stimulus in the United States and China, which would boost global demand for metals.
 
SPOT GOLD

Spot gold was little changed at $1,619.46 an ounce by 0029 GMT.

COPPER

London copper firmed on Tuesday on a slightly weaker dollar and a climb in Asian equities, although prices look set to stay in a tight range as investors wait for more trading cues.
 
SILVER

Silver climbed 1.6 percent to $29.79 an ounce.

COPPER

London copper was holding steady near a one-month high on Thursday, boosted by a weaker dollar after the U.S. Federal Reserve suggested further economic stimulus could be on the agenda.

GOLD

Gold rose to its highest level in more than three months on Thursday, after minutes from the latest U.S. Federal Reserve meeting showed the central bank could be willing to launch another round of bond buying soon.
 
:clap:GOLD
Gold inched up on Monday, hovering near a 4-1/2-month high hit last week, as expectations for further monetary easing from the U.S. Federal Reserve kept sentiment buoyant.


SPOT SILVER
Spot silver hit $31.20, the highest in nearly four months.
 
GOLD

Gold hovered near a five-month peak on Monday, supported by hopes for more stimulus measures after U.S. Federal Reserve Chairman Ben Bernanke gave a grave assessment of the economy last week.

COPPER

London copper edged up on Monday after China's official purchasing managers' index (PMI) for the services sector strengthened in August, though persistent worries about the pace of growth in the world's second largest economy capped gains.
 
GOLD
Gold eased on Friday from a near six-month top hit in the previous session, as upbeat data from a struggling U.S. labor market dimmed hopes of more stimulus measures from the Federal Reserve.

SILVER
Silver prices fell 2 percent on both spot and futures markets.

COPPER
London copper was flat on Friday but was set eke out a fourth week of gains in five, supported by the European Central Bank's plan to buy bonds to shore up the region's economy.
 
:clap:GOLD
Gold held steady on Monday, after rallying to its highest in six and a half months in the previous session as a sharply disappointing U.S. employment report fuelled expectations for imminent easing from the Federal Reserve.

SILVER
Spot silver inched down 0.2 percent to $33.60, near a six-month peak of $33.71

COPPER
The most active December copper contract on the Shanghai Futures Exchange shot up 2.6 percent to a session high of 58,130 yuan ($9,200) per tonne, its highest since May 4, before edging down to 58,050 by 0155 GMT.
 
GOLD
Gold hovered near a six-month high on Tuesday, as investors stayed put ahead of a German court ruling on the euro zone's rescue fund and the Federal Reserve's policy meeting, while a weaker dollar lent support.

COPPER
London copper edged higher on Wednesday, extending gains to a fourth session, on bets that a German court ruling on the euro zone's rescue fund will be passed.
 
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