• Gold prices dipped slightly in Asia on Tuesday, but remain supported by tensions between Russia and the West over events in the Ukraine. On the Comex division of the New York Mercantile Exchange, Gold futures for June delivery traded at $1,287.90 a troy ounce, down 0.05%, afterhitting an overnight session low of $1,282.00 and off a high of $1,301.20.
• Silver for May delivery rose 0.19% at US$19.388 a troy ounce, while copper futures for May delivery were down 0.13% at US$3.041 a pound.
• Crude oil futures lost ground early in Asia on Tuesday on profit taking after a long weekend that saw continued tension between the West and Russia over events in the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $103.48 a barrrel, down 0.16%, after hittting an overnight session low of $102.97 a barrel and a high of $103.82 a barrel.
• The global Brent oil contract for June delivery settled 42 cents, or 0.4%, higher at $109.95 a barrel on the ICE Futures Europe exchange.
• Natural gas prices fell on Monday as investors locked in gains from last week’s bullish U.S. inventory report sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.729 per million British thermal units during U.S. trading, down 0.54%. The commodity hit session high of $4.799 and a low of $4.725. The June contract settled up 4.51% on Thursday to end at $4.754 per million British thermal units. Markets were closed on Friday due to holiday.
SILVER-COMEX has closed @ 19.43. If it breaks the level of 19.29, it can touch the level of 19.15 & 18.99 respectively. If it sustain above the level of 19.72, it can touch the level of 19.86 & 20.02 respectively.
SELL SILVER-COMEX BELOW 19.29 TGTS 19.15, 18.99 SL 19.54.
BUY SILVER-COMEX ABOVE 19.72 TGTS 19.86, 20.02 SL 19.47.