INTERNATIONAL COMMODITY NEWS :

• Gold prices dropped in U.S. trading on Tuesday after an upbeat consumer confidence report sent investors betting that the Federal Reserve will deliver an positive take on the U.S. economy at a policy meeting this week and make fresh cuts to its stimulus program that has supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,300.80 a troy ounce during U.S. trading, down 0.38%, up from a session low of $1,298.10 and off a high of $1,314.40.The December contract settled up 0.04% at $1,305.80 on Monday. Futures were likely to find support at $1,289.40 a troy ounce, Thursday’s low, and resistance at $1,320.40, the high from July 21.Data released earlier bolstered the dollar and in turn, pushed down gold, as the two assets tend to trade inversely with one another.

• Natural gas futures edged lower but held range bound on Tuesday as investors bet a recent spate of mild U.S. temperatures will result in a bearish supply report due out on Thursday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at$3.753 per million British thermal units during U.S. trading, down 0.33%. The commodity hit a session high of $3.793 and a low of $3.740. The September contract settled down 0.58% on Monday to end at $3.765 per million British thermal units.Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.857, Monday’s high.

• U.S. crude futures dropped on Tuesday amid concerns that this week’s supply data will depict a U.S. economy that is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.82% at $100.84 a barrel during U.S. trading. New York-traded oil futures hit a session low of $100.38 a barrel and a high of $101.82 a barrel.The September contract settled down 0.41% at $101.67 a barrel on Monday.

• Nymex oil futures were likely to find support at $99.60 a barrel, the low from July 16, and resistance at $102.10 a barrel, Monday’s high.The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 1 million barrels in the week ending July 25.

• Brent oil on the ICE futures exchange rose 0.1% to $107.72 a barrel. Also aiding crude was news that CVR Refining LP shut down its 115,000- barrel-a-day refinery in Coffeyville, Kansas., after a fire Tuesday morning thatinjured four employees, according to a company statement. Despite concerns that conflict in Ukraine and across the Middle East may disrupt supply, shipments have continued to flow normally, with sentiments that the U.S. is brimming with crude oil often overshadowing upbeat U.S. data.The Conference Board reported earlier that its consumer confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. It was the highest reading since October 2007, defying consensus forecasts for a decline to 85.3.

TRADING STRATEGY :

• SELL GOLD COMEX BELOW 1290 TG 1284,1274 SL 1300
• BUY GOLD COMEX ABOVE 1303 TG 1309,1319 SL 1293

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

INTERNATIONAL COMMODITY NEWS :

• Gold prices dropped in U.S. trading on Tuesday after an upbeat consumer confidence report sent investors betting that the Federal Reserve will deliver an positive take on the U.S. economy at a policy meeting this week and make fresh cuts to its stimulus program that has supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,300.80 a troy ounce during U.S. trading, down 0.38%, up from a session low of $1,298.10 and off a high of $1,314.40.The December contract settled up 0.04% at $1,305.80 on Monday. Futures were likely to find support at $1,289.40 a troy ounce, Thursday’s low, and resistance at $1,320.40, the high from July 21.Data released earlier bolstered the dollar and in turn, pushed down gold, as the two assets tend to trade inversely with one another.

• Natural gas futures edged lower but held range bound on Tuesday as investors bet a recent spate of mild U.S. temperatures will result in a bearish supply report due out on Thursday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at$3.753 per million British thermal units during U.S. trading, down 0.33%. The commodity hit a session high of $3.793 and a low of $3.740. The September contract settled down 0.58% on Monday to end at $3.765 per million British thermal units.Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.857, Monday’s high.

• U.S. crude futures dropped on Tuesday amid concerns that this week’s supply data will depict a U.S. economy that is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.82% at $100.84 a barrel during U.S. trading. New York-traded oil futures hit a session low of $100.38 a barrel and a high of $101.82 a barrel.The September contract settled down 0.41% at $101.67 a barrel on Monday.

• Nymex oil futures were likely to find support at $99.60 a barrel, the low from July 16, and resistance at $102.10 a barrel, Monday’s high.The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 1 million barrels in the week ending July 25.

• Brent oil on the ICE futures exchange rose 0.1% to $107.72 a barrel. Also aiding crude was news that CVR Refining LP shut down its 115,000- barrel-a-day refinery in Coffeyville, Kansas., after a fire Tuesday morning thatinjured four employees, according to a company statement. Despite concerns that conflict in Ukraine and across the Middle East may disrupt supply, shipments have continued to flow normally, with sentiments that the U.S. is brimming with crude oil often overshadowing upbeat U.S. data.The Conference Board reported earlier that its consumer confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. It was the highest reading since October 2007, defying consensus forecasts for a decline to 85.3.

TRADING STRATEGY :

• SELL GOLD COMEX BELOW 1291 TG 1285,1275 SL 1302
• BUY GOLD COMEX ABOVE 1304 TG 1310,1320,SL 1294

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

INTERNATIONAL COMMODITY NEWS :

• Gold futures were hovering near more than one-month lows on Friday, still weighed by Thursday’s report showing that the number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since February 2006. On the Comex division of the NewYork Mercantile Exchange, gold for August delivery traded at $1,293.20 a troy ounce during European afternoon trade, adding 0.19%.The August contract settled 1.07% lower on Thursday to end at $1,290.8 a troy ounce.Gold futures were likely to find support at $1,376.20 an ounce, the low from June 19 and resistance at $1,311.80, the high from July 23.

• Crude futures moved lower in whipsaw trading on Friday, with upbeat U.S. data supporting the commodity with supply concerns pushing it back down. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.08% at $101.99a barrel during U.S. trading. New York-traded oil futures hit a session low of $101.01 a barrel and a high of $102.53 a barrel. The September contract settled down 1.02% at $102.07 a barrel on Thursday.Nymex oil futures were likely to find support at $101.01 a barrel, the earlier low, and resistance at $103.45 a barrel, Tuesday’s high.

• Natural gas futures dropped but remained range bound on Friday after updated weather-forecasting models called for mild temperatures to hover over portions of the heavily populated eastern half of the U.S. in the coming days On the New York Mercantile Exchange, naturalgas futures for delivery in August traded at $3.782 per million British thermal units during U.S. trading, down 1.70%. The commodity hit a session high of $3.861 and a low of $3.765. The August contract settled up 2.26% on Thursday to end at $3.847 per million British thermal units. Natural gas futures were likely to find support at $3.744 per million British thermal units, Thursday’s low, and resistance at $3.886, Thursday’s high.

• Crude oil futures edged lower on Friday, as Thursday’s disappointing U.S. home sales data continued to weigh and investors continued to focus on developments in Ukraine and the Middle East. On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $101.95 a barrel during European morning trade, down 0.12%.Prices tumbled 1.02% on Thursday to settle at $102.07. Futures were likely to find support at $100.61 a barrel, the low from July 17 and resistance at $103.31, Thursday’s high.The U.S. Census Bureau said on Thursday that new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

TRADING STRATEGY :

• BUY GOLD COMEX ABOVE 1314 TG 1320,1330 SL 1308
• SELL GOLD COMEX BELOW 1308 TG 1302,1292 SL 1314

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

INTERNATIONAL COMMODITY NEWS :

• On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,292.60 a troy ounce, up 0.14%, after hitting an overnight session low of $1,288.00 and off a high of $1,305.60.The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters.

• The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.92% at $102.17 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.08 a barrel and a high of $103.31 a barrel.The September contract settled up 0.71% at $103.12 a barrel on Wednesday.

• Nymex oil futures were likely to find support at $101.19 a barrel, Tuesday’s low, and resistance at $103.45 a barrel, Tuesday’s high.The U.S. Census Bureau reported earlier new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

• Analysts had expected jobless claims to rise by 5,000 to 308,000 last week, and the positive numbers fueled speculation that the Federal Reserve may hike interest rates sooner than markets once anticipated. hile the Fed is seen closing its monthly bond-buying stimulus program likely in October, uncertainty as to how much time will pass from that point until rate hikes begin makes both gold and the dollar move on both positive and negative indicators.Loose monetary policies such as rock-bottom interest rates and three rounds of Fed asset purchases have elevated gold prices since the 2008 financial crisis.Separately, the Census Bureau reported that U.S. new home sales dropped by 8.1% to 406,000 units last month, worse than expectations for a decline of 5.3%, pointing to underlying weakness in the housing sector.

TRADING STRATEGY :

• SELL GOLD COMEX BELOW 1287 TG 1281,1270 SL 1295
• BUY GOLD COMEX ABOVE 1296 TG 1301,1310 SL 1288

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