Daily Archives: June 17, 2014

17Jun

Comex Commodity Trading Signals and Market News –17th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased early on Tuesday in Asia on profit taking, though it remains poised for gains as strife in Iraq continues. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,272.20 a troy ounce, down 0.24%, after hitting an overnight session low of $1,272.60 and off a high of $1,285.10.

Silver for July delivery was down 0.21% at $19.673 a troy ounce. Copper futures for July delivery were down 0.05% at $3.047 a pound.

Crude oil prices eased in Asia on Tuesday in mild profit taking, but tension in Iraq as the government battles Islamic militants underpins the commodity. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in August traded at $106.18 a barrel, down 0.11%, after hitting an overnight session low of $106.04 a barrel and a high of $106.78 a barrel.

Brent oil futures rose 0.4% to $112.94 a barrel on the ICE Futures Europe exchange on Monday.

Natural gas futures moved higher on Monday after updated weather-forecasting models called for warm temperatures for a good portion of U.S. in the coming days, which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.753 per million British thermal units during U.S. trading, up 0.28%. The commodity hit a session high of $4.824 and a low of $4.670. The July contract settled down 0.48% on Friday to end at $4.739 per million British thermal units.

Base metals were generally trading in small ranges during Tuesday’s Asian trade, largely following the patterns of equities market and adopting a wait-and-see mode. Copper was up above $6,700 with current bid at $6,712, trading some $22 above Monday’s close. Aluminium’s last trade was at $1,856, up $2, with stocks and cancelled warrants both falling 8,950 tonnes to 5,118,150 tonnes and 2,811,575 tonnes respectively. Nickel pushed higher to $18,661, an $11 gain after rallying last night with prices increasing $573. Stocks fell 42 tonnes to 286,668 tonnes but remain close to all-time highs. Tin at $22,467 is $17 higher. Lead and zinc are both flat, with lead at $2,106 and the latter at $2,103.50.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0545. If it sustain above the level of 3.0637, it can touch the level of 3.0737 & 3.0883 respectively. If it breaks the level of 3.0337, it can touch the level of 3.0237, 3.0087 respectively.

  • BUY COPPER-COMEX ABOVE 3.0637 TGTS 3.0737, 3.0883 SL 3.0527.
  • SELL COPPER-COMEX BELOW 3.0337 TGTS 3.0237, 3.0087 SL 3.0447.

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

17Jun
Forex Signals

IForex Market Trading Signals and News of 17th June 2014

TRADING TIPS :

  • Forex – GBP/USD gains on hawkish Carney statements
  • Forex – U.S. dollar edges higher against Canadian dollar
  • Forex – EUR/USD pares losses but remains under pressure

GBP/USD
GBP/USD hit 1.7011 during U.S. morning trade, the pair’s highest since August 6, 2009; the pair subsequently consolidated at 1.6986, adding 0.11%. Cable was likely to find support at 1.6950 and resistance at 1.7050. The pound strengthened broadly after Mark Carney said last Thursday that rapid economic growth and the steep decline in the jobless rate mean that the time to begin raising interest rates is growing closer.

USD/CAD
USD/CAD edged up 0.12% to 1.0869 from 1.0853 late Friday. The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905, Wednesday’s high. Crude oil prices touched session highs of $106.78 on Monday, as concerns over the ongoing Sunni insurgency in Iraq fuelled fears over the impact of reduced output from one of the world’s largest oil producers.

EUR/USD
EUR/USD pulled away from 1.3513, the pair’s lowest since June 12, to hit 1.3538 during European afternoon trade, inching down 0.02%. The pair was likely to find support at 1.3500 and resistance at 1.3570.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7050 SL 1.6980
2. Sell GBP/USD Below 1.6950- TG: 1.6910/ 1.6870 SL 1.6980

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 17th June 2014

MARKET UPDATES :

  • NOTEBOOK-CASING producer Huan Hsin Holdings is planning to dispose of 30 per cent of the capital of Li Sheng Electronic (Kunshan) (LSE) for US$3.5 million (S$4.38 million) in cash.
  • SINGAPORE Airlines (SIA) recorded a 0.3 percentage point improvement in its passenger load factor (PLF), bringing it to 74.9 per cent in May.
  • The increase in passenger carriage outpaced capacity injection during the month. Passenger carriage, measured in revenue passenger kilometres, increased 2.5 per cent year-on-year; capacity, measured in available seat kilometres, was up 2 per cent.
  • DBS/POSB ATMs and online banking services were affected by a “connectivity issue” earlier on Monday, which had affected customers trying to withdraw cash and use their NETs cards.In response to queries from The Business Times, a DBS spokesperson confirmed that “all services were fully restored at about 3pm” on Monday.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.500 TG 2.540, 2.580, 2.640 SL 2.440

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