 |
| Free Commodity Tips |
TREND CONSOLIDATE
SUPPORT 1: 402.50
SUPPORT 2: 394.60
RESISTANCE 1: 417.90
RESISTANCE 2: 423.70
CRUDE OIL (JUN) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
SUPPORT 1: 4480
SUPPORT 2: 4345
RESISTANCE 1: 4732
RESISTANCE 2: 4870
GOLD (JUN) –Gold had plummeted following a massive surge in the US dollar on worries of exit- Greece being ousted from Eurozone and returning to its old currency. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 28830
SUPPORT 2: 28745
RESISTANCE 1: 29695
RESISTANCE 2: 29929
SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT 1: 53320
SUPPORT 2: 52813
RESISTANCE 1: 54535
RESISTANCE 2: 55120
Get free commodity tips, silver price,Gold price,crude oil, commodity market tips,commodities, best commodity tips,crude oil prices.
FREE COMMODITY TIPS
Free Commodity Market Overview
It is World Environment Day and the trading screens will also see more green than red, at least at start. It’s a fight for survival out there in the market and thankfully ‘Green’ seems to be the flavour of the day.Asian markets are trading with a positive bias. US markets closed flat. Barring Germany, most big European indices finished higher.
RBI’s deputy governor, Subir Gokarn has hinted at a possibility of a rate cut on June 18 citing dismal GDP data and softening crude prices. Meanwhile, the PM and the FM see the current slowdown as just a blip and continue to believe in India’s long-term potential. The PM has called a meeting of infrastructure ministries while the FM is said to review FDI in Pharma space.
Globally, things continue to be uncertain. The eurozone is the epicenter of rising global anxiety. Within the euro area, Spain and Greece are the trouble spots. A few important events are lined up this month that could have a bearing on global markets. Greek election on June 17 is the biggest event of them all.
The Union Commerce Ministry is expected to announce some incentives for the struggling labour intensive export sectors such as textiles when it unveils the annual supplement of the Foreign Trade Policy (FTP) today.
RBI’s deputy governor, Subir Gokarn has hinted at a possibility of a rate cut on June 18 citing dismal GDP data and softening crude prices. Meanwhile, the PM and the FM see the current slowdown as just a blip and continue to believe in India’s long-term potential. The PM has called a meeting of infrastructure ministries while the FM is said to review FDI in Pharma space.
Globally, things continue to be uncertain. The eurozone is the epicenter of rising global anxiety. Within the euro area, Spain and Greece are the trouble spots. A few important events are lined up this month that could have a bearing on global markets. Greek election on June 17 is the biggest event of them all.
The Union Commerce Ministry is expected to announce some incentives for the struggling labour intensive export sectors such as textiles when it unveils the annual supplement of the Foreign Trade Policy (FTP) today.
Daily Free Commodity Tips and Free Commodity
News Updates
Gold
The prospect of easing of monetary policy by the U.S. Federal Reserve is traditionally bullish for gold, and even if it does not happen soon, it “may still have the power to propel gold prices higher,” said HSBC, British multinational bank, in a commodity research note.
Silver price
Another key factor arguing for a higher silver price in the near term is the huge short position the forex market is currently running in the Euro, largely in anticipation of an imminent Greek exit or “grexit” from the Eurozone and its consolidated paper currency the Euro.
Crude oil
In the central scenario of the IEA’s flagship publication World Energy Outlook – which takes account of broad policy commitments and plans that have been announced by countries – ASEAN primary energy demand expands by 90% between 2009 and 2035, an annual growth rate of 2.3% – almost double the 1.2% average rate in the rest of the world.
Copper
Copper prices are crashing in Nymex and LME but there are lot of intersting things happening to this base metal - from a US sculptor making masterpieces from burnt metal recovered from a fire debris and the legal fight between largest copper producer Codelco and Anglo American.
SURE SHOT FREE COMMODITY TIPS/FREE COMMODITY PROFITABLE CALLS
BUY GOLD AUG ABOVE 30125 TG 30150, 30180, 30220 SL 30080
SELL NICKEL JUNE BELOW 879 TG 874,868,860 SL 888.10
0 comments:
Post a Comment