30Apr

Comex Commodity Trading Signals and Market News – 30th April 2014

Gold prices were flat in Asia on Wednesday as investors held steady ahead of the May 1 holidays in much of the region with major buyer China on the sidelines on Thursday and Friday. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.20a troy ounce, down 0.01%, after hitting an overnight session low of $1,286.60 and off a high of $1,301.40. Overnight, gold prices inched lower as investors shrugged off lackluster U.S. data and remained camped out in safe-haven dollar positions ahead of the Federal Reserve’s Wednesday statement on monetary policy.

Silver comex for July delivery fell 0.22% at US$19.495 a troy ounce, while copper futures for July delivery rose 0.07% to US$3.077 a pound.

Crude oil futures fell in Asia on Wednesday after bearish industry data on U.S. supplies and prospects for increased exports from Libya. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.63 a barrel, down 0.65%, after hitting an overnight session low of $100.82 a barrel and a high of $102.20 a barrel.

Brent crude on the ICE futures exchange rose 86 cents, or 0.8%, to $108.98 a barrel.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.44. If it breaks the level of 19.35, it can touch the level of 19.21 & 19.02 respectively. If it sustain above the level of 19.74, it can touch the level of 19.88 & 20.07 respectively.
SELL SILVER-COMEX BELOW 19.35 TGTS 19.21, 19.02 SL 19.56.
BUY SILVER-COMEX ABOVE 19.74 TGTS 19.88, 20.07 SL 19.53

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

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