Daily Archives: May 22, 2014


Comex Commodity Trading Signals and Market News – 22nd May 2014


  • Gold prices held stronger in Asia on Thursday in a rebound from overnight trade as China’s manufacturing sector showed a surpising burst of upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,292.60 a troy ounce, up 0.35%, after hitting an overnight session low of $1,286.40 and off a high of $1,296.40.
  • Silver comex for July delivery was up 0.49% at $19.432 a troy ounce. Copper futures for July delivery were up 0.47% at $3.141 a pound.
  • Crude oil prices recovered in Asia Thursday after stronger manufacturing in key importer China in May. China’s HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1. On the New York Mercantile Exchange,
  • West Texas Intermediate crude oil for delivery in July traded at $104.06 a barrel, bearly flat, after hitting an overnight session low of $102.58 a barrel and a high of $104.27 a barrel.
  • Brent crude futures on the ICE Futures Europe exchange rose 86 cents to $110.55 a barrel on Wednesday.
  • Natural gas prices fell on Wednesday after investors sold the commodity for profits and jumped to the sidelines to await the release of Thursday’s weekly U.S. inventory report. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.489 per million British thermal units during U.S. trading, down 1.38%. The commodity hit session high of $4.575 and a low of $4.487. The June contract settled up 1.83% on Tuesday to end at $4.552 per million British thermal units.
  • Base metals traded mixed on Thursday Asian trade after the release of the FOMC meetings last night. The release of the Chinese PMI this morning came in a huge positive, driving copper higher. The optimistic data was much needed especially since a downgrade to the property sector in the country warns of more downside risk ahead. In the metals, copper is bid at $6,876, $45 up from Wednesday’s kerb close at $6,831 per tonne. In the forward spreads, the backwardation in cash/threes, which at the start of the month was around $70, has eased to $54 currently. Aluminium is $6 higher at $1,773 as stocks fell a net 9,775 tonnes to 5,232,175 tonnes, a one-month low. Cancelled warrants were down 11,625 tonnes at 2,854,425 tonnes. Nickel which finished at $19,500 yesterday, traded up $300 this morning to last at $19,800 although stocks increased 882 tonnes to 280,020 tonnes and cancelled warrants slipped 2,778 tonnes to 119,352 tonnes. Tin closed under $23,000 at $22,975 and this morning fell further to $22,950 per tonne – there was no change in stocks. Lead increased $7 to $2,130 after a 200-tonne reduction in stocks to 192,375 tonnes and zinc was $7 higher at $2,074 – stocks and cancelled warrants both fell 3,800 tonnes to 739,650 tonnes and 112,650 tonnes respectively.


WTICRUDEOIL-NYMEX has closed @ 103.84. If it sustain above the level of 104.34, it can touch the level of 104.84 & 105.45 respectively. If it breaks the level of 103.03, it can touch the level of 102.53, 101.73 respectively.
  • BUY WTICRUDEOIL-NYMEX ABOVE 104.34 TGTS 104.84, 105.45 SL 103.74.
  • SELL WTICRUDEOIL-NYMEX BELOW 103.03 TGTS 102.53, 101.73 SL 103.63.

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IForex Market Trading Signals and News of 22 May 2014



GBP/USD hit 1.6921, the highest since May 9 and was last up 0.42% to 1.6908.Cable was likely to find support at 1.6801, Tuesday’s low and resistance at 1.6973, the high of May 8 and an almost five year peak.U.K. retail sales jumped 1.3% in April, the Office of National Statistics said, more than double forecasts for a 0.5% increase, driven by higher food sales over the Easter holiday.On a year-over-year basis, retail sales climbed 6.9% in April, ahead of expectations for a 5.2% gain after rising by 4.8% in March.At the same time, the minutes of the BoE’s May meeting showed that the Monetary Policy Committee voted unanimously to leave interest rates on hold at record lows


USD/JPY was down 0.25% to 101.07, after falling to lows of 100.83 earlier, the weakest level since February 5.The yen strengthened broadly after the BoJ said its stimulus program has been working as intended, and refrained from implementing additional easing measures at the conclusion of its two-day policy meeting on Wednesday.The central bank said the economy is showing signs of weathering the impact of a sales tax increase that came into effect on April 1 and pledged to continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year.Investors were turning their attention to of the minutes from the Fed’s latest monetary policy meeting due out later Wednesday, for insight on the central bank’s view of the economy.


1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

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Financial Sgx Singapore Stock Market Trading Picks And News – 22 May 2014


  • THE three large Asean economies of Indonesia, the  Philippines and Thailand, which are striving to shift  from significant commodity dependence to high  value-added exports, could do worse than to look at  Singapore and Malaysia’s experience, said ICAEW’s  latest Economic Insight report. For instance, in  2012, 33 per cent of Indonesian exports consisted  of fuels and related materials, and 12 per cent  consisted of animal and vegetable oils, fats and  waxes.
  • THE Singapore Institute of Manufacturing  Technology (SIMTech), a research institute of the Agency for Science, Technology and Research  (A*STAR), and the National University of Singapore  (NUS) Faculty of Engineering will be launching two  joint labs to boost R&D in manufacturing. The  research will focus on two areas, namely natural  fibre composites and large format machining, to  “move the local precision engineering industry into  high value-added manufacturing”,The SIMTech-NUS  joint labs aim to build capabilities and develop  technologies to help the complex equipment


  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.250, 3.320 SL 3.080

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