Comex Market

8Aug

Comex Commodity Trading Signals and Market News – 08th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S. held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%, or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30 and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to find support at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.

• Copper futures declined on Tuesday, after data showed that China’s services sector grew at its slowest pace in nearly nine years in July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents, to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound. Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the low from August 4 and resistance at $3.262, the high from July 30.

• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due to earnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. The December contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday’s low, and resistance at $1,314.60, last Tuesday’s high.U.S. stocks rose on Monday after legendary investor Warren Buffett’s company Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. The September contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy is improving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sent the commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1321 TG 1327 1337 SL 1311
  • SELL GOLD COMEX BELOW 1311 TG 1305,1295 SL 1221

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

7Aug

Comex Commodity Trading Signals and Market News – 07th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices shot up on Wednesday and hovered near session highs on news Russian troops are amassing on the Ukraine border, which fueled safe-haven demand for the precious metal. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,309.10 a troy ounce during U.S. trading, up 1.85%, up from a session low of $1,288.40 and off a high of $1,310.60.The December contract settled down 0.28% at $1,285.30 on Tuesday.

Crude prices fell on Wednesday despite an upbeat weekly U.S. inventory report, as investors traded on concerns that the global economy is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.49% at $96.91 a barrel during U.S. trading. New York-traded oil futures hit a session low of $96.75 a barrel and a high of $98.12 a barrel.The September contract settled down 0.93% at $97.38 a barrel on Tuesday.

Copper futures fell to a more than two-week low on Wednesday, as renewed concerns over the health of China’s economy dampened appetite for growth-linked assets. On the Comex division of the New York Mercantile Exchange, copper for September delivery fell to a daily low of $3.182 a pound, the weakest since July 21, before trimming losses to last trade at $3.188 during European morning hours, down 0.5%, or 1.6 percents.

• West Texas Intermediate oil futures extended gains to hit the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. fell more than expected last week. On the New York Mercantile Exchange, crude oil for delivery in September advanced 0.69%, or 67 cents, to trade at $98.05 a barrel during U.S. morning hours. Prices were at $97.87 a barrel prior to the release of the supply data.U.S. oil futures fell to $97.00 a barrel on Tuesday, the lowest since February 5, before settling at $97.38, down 0.93%, or 91 percents.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1310 TG 1316 ,1326 SL 1300
  • SELL GOLD COMEX BELOW 1296 TG 1290,1280 SL 1306

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

6Aug

Comex Commodity Trading Signals and Market News – 06th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S. held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%, or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30 and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to find support at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.

• Copper futures declined on Tuesday, after data showed that China’s services sector grew at its slowest pace in nearly nine years in July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents, to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound. Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the low from August 4 and resistance at $3.262, the high from July 30.

• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due to earnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. The December contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday’s low, and resistance at $1,314.60, last Tuesday’s high.U.S. stocks rose on Monday after legendary investor Warren Buffett’s company Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. The September contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy is improving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sent the commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

5Aug

Comex Commodity Trading Signals and Market News – 05th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday’s data showing that U.S. unemployment benefits remained near a post-recession bottom last week continued to weigh. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,285.40 a troy ounce during European morning trade, adding 0.20%.The December contract settled 1.09% lower on Thursday to end at $1,282.8 a troy ounce. Gold futures were likely to find support at $1,276.20 an ounce, the low from June 19 and resistance at $1,298.80, Thursday’s high. On Thursday, the U.S. Department of Labor said that the number of individuals filing for initial jobless benefits increased by 23,000 last week to 302,000 from the previous week’s total of 279,000, which was the lowest in 14 years.

Crude oil futures dropped to five-month lows on Friday, as Thursday’s downbeat manufacturing data from Chicago coupled with tepid manufacturing reports from China weighed on the commodity, while markets eyed upcoming U.S. data On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $97.36 a barrel during European afternoon trade, down 0.83%.Prices tumbled 1.02% on Thursday to settle at $102.07. futures were likely to find support at $96.26 a barrel and resistance at $99.85, Thursday’s high.Oil prices came under pressure after Market research group Kings bury International on Thursday said that its Chicago purchasing managers’ index fell by 10.0 points to 52.6 in July from a reading of 62.6 in June. Analysts had expected the index to decline to 63.0 in July.

Oil prices dropped on Friday after Chinese manufacturing and U.S. employment gauges missed expectations and fueled concerns over the strength of global economic recovery. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.69% at $97.49 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.10 a barrel and a high of $98.09 a barrel.The September contract settled down 2.09% at $98.17 a barrel on Thursday. Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, Monday’s high.

Natural gas futures fell on Friday after investors locked in gains stemming from Thursday’s bullish supply report and sold the commodity for profits. .On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.802 per million British thermal units during U.S. trading, down 1.03%. The commodity hit a session low of $3.782, and a high of $3.875. The September contract settled up 1.45% on Thursday to end at $3.841 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 $3.890, Thursday’s high.The U.S. Energy Information.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

4Aug

Comex Commodity Trading Signals and Market News – 04th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday’s data showing that U.S. unemployment benefits remained near a post-recession bottom last week continued to weigh. On the Comex division of the New York Mercantile Exchange,gold for December delivery traded at $1,285.40 a troy ounce during European morning trade, adding 0.20%.The December contract settled 1.09% lower on Thursday to end at $1,282.8 a troy ounce. Gold futures were likely to find support at $1,276.20 an ounce, the low from June 19 and resistance at $1,298.80, Thursday’s high. On Thursday, the U.S. Department of Labor said that the number of individuals filing for initial jobless benefits increased by 23,000 last week to 302,000 from the previous week’s total of 279,000, which was the lowest in 14 years.

Crude oil futures dropped to five-month lows on Friday, as Thursday’s downbeat manufacturing data from Chicago coupled with tepid manufacturing reports from China weighed on the commodity, while markets eyed upcoming U.S. data On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $97.36 a barrel during European afternoon trade, down 0.83%.Prices tumbled 1.02% on Thursday to settle at $102.07. futures were likely to find support at $96.26 a barrel and resistance at $99.85, Thursday’s high.Oil prices came under pressure after Market research group Kings bury International on Thursday said that its Chicago purchasing managers’ index fell by 10.0 points to 52.6 in July from a reading of 62.6 in June. Analysts had expected the index to decline to 63.0 in July.

Oil prices dropped on Friday after Chinese manufacturing and U.S. employment gauges missed expectations and fueled concerns over the strength of global economic recovery. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.69% at $97.49 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.10 a barrel and a high of $98.09 a barrel.The September contract settled down 2.09% at $98.17 a barrel on Thursday. Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, Monday’s high.

Natural gas futures fell on Friday after investors locked in gains stemming from Thursday’s bullish supply report and sold the commodity for profits. .On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.802 per million British thermal units during U.S. trading, down 1.03%. The commodity hit a session low of $3.782, and a high of $3.875. The September contract settled up 1.45% on Thursday to end at $3.841 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 $3.890, Thursday’s high.The U.S. Energy Information.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1302 TG 1308,1318 SL 1294
  • SELL GOLD COMEX BELOW 1286 TG 1280,1270 SL 1294

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

1Aug

Comex Commodity Trading Signals and Market News – 01st August 2014

INTERNATIONAL COMMODITY NEWS :

• On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,284.20 a troy ounce during U.S. trading, down 0.98%, up from a session low of $1,282.10 and off a high of $1,298.60. The December contract settled down 0.28% at $1,296.90 on Wednesday.Futures were likely to find support at $1,258.00 a troy ounce, the low from June 17, and resistance at $1,314.60, Monday’s high.The Labor Department on Friday will release its July non farm payrolls report, and consensus forecasts see the U.S. economy picking up 233,000 new jobs.Even if the figure comes in below that number, a reading over 200,000 would represent six straight months of beating that threshold, a sign the labor market is improving even if it’s still a little slack.

• On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.885per million British thermal units during U.S. trading, up 2.60%. The commodity hit a session low of $3.761. and a high of $3.889. The September contract settled down 0.99% on Wednesday to end at $3.786 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 $3.892, the high from July 24.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended July 25 rose by 88 billion cubic feet, below expectations for an increase of 93 billion cubic feet.

• In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 2.28% at $97.99 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.96 a barrel and a high of $99.84 a barrel.The September contract settled down 0.69% at $100.27 a barrel on Wednesday Nymex oil futures were likely to find support at $97.37 a barrel, the low from March 17, and resistance at $102.10 a barrel, Monday’s high.OPEC countries pumped more oil in July than in June, according to Reuters data, which sent oil futures dropping on fears the world is awash in crude.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1290 TG 1296,1306 SL 1281
  • SELL GOLD COMEX BELOW 1280 TG 1274,1264 SL 1290

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

31Jul

Comex Commodity Trading Signals and Market News – 31 July 2014

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.

30Jul

Comex Commodity Trading Signals and Market News – 30 July 2014

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.

28Jul

Comex Commodity Trading Signals and Market News – 28 July 2014

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.

25Jul

Comex Commodity Trading Signals and Market News – 25 July 2014

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.

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