GOLD | SILVER | COPPER | CRUDE Commodity Technical Analysis

GOLD Gold retreated overnight to open at 1292.50/1293.50. It climbed to a high of 1299.50/1300.5 on concerns of tougher sanctions on Russia by the West despite a decline in initial jobless claims in the U.S. The metal then declined to a six-week low of 1292.00/1293.00 on dollar strength and speculation that U.S. interest rates will rise sooner than expected. Thereafter, it consolidated to close the day at 1293.50/1294.50. Gold ended the...

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GOLD | SILVER | COPPER | CRUDE Technical Analysis

GOLD Gold edged slightly higher overnight to open at 1313.50/1314.50, which was also the intraday high. Following the open it dipped to a low of 1300.25/1301.25 as the dollar strengthened and equities gained momentum following better-than-expected U.S. economic data that showed an increase in sales of durable goods. The slide in gold prices was also attributed to easing of tensions between Russia and the West, which suppressed demand for...

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COMEX Technical Analysis Report

GOLD Gold climbed higher overnight to open at 1338.00/1339.00. It moved up marginally to a high of 1339.25/1340.25 as the Euro appreciated against the Dollar. The metal then declined to a low of 1333.00/1334.00 as global equities rebounded with the S&P setting a new intra-day high. It traded within range for most of the day to close at 1335.00/1336.00. Gold had a bearish outside week, closing lower at 1335 and completely retracing...

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Weekly Technical Analysis Report of Singapore STI and Malaysia KLCI

Weekly Technical view on STI This was the week in which only green candle was formed by STI as there was not a major change in the trading range of STI it opened at 3071 and made a high of 3101 where gave the closing at the same level as it was for the last week candle @3073. Long Legged Doji was formed by this week candle. As it has long upper & lower shadow with Doji as the shorter trading range in the middle Weekly wrap of STI: ...

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COMEX Report of Technical Analysis

GOLD Gold spiked overnight as investors awaited news on possible sanctions against Russia after Crimea voted to leave the Ukraine. The move however was short lived and the metal quickly retreated to open virtually unchanged at 1377.50/1378.50. Sideways trade throughout the day until selling interest emerged as the dollar started to recovered, taking the metal to a low of 1369.25/1370.25 prior to concluding the session at 1372.00/1373.00. Gold...

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STI Technical Analysis Weekly Report

P { margin-bottom: 0.21cm; } Weekly wrap of STI: This was the week in which STI performance was in the down side, STI opened at 3131 and closed at 3073 by making the high of 3145. STRAIT TIMES WEEKLY WRAP OPEN 3131.87 HIGH 3145.24 LOW 3060.51 CLOSE 3073.72 CHANGE (In Points) -62.54 % CHANGE ...

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COMEX Report Of Technical Analysis

GOLD Gold advanced overnight to open at the intraday low of 1360.50/1361.50 following the ongoing crisis in Ukraine. It surged to a high of 1370.50/1371.50 on dollar weakness as yields on 10- year U.S. Treasuries gave back some of last week’s gains. The metal finally closed the day at 1369.50/1370.50. Gold broke out of its range of the past two weeks, taking out resistance just below 1360, and closing higher at 1370. RSI has...

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