Commodity Trading Tips & Strategies Today

Daily Newsletter-Commodity 05/05/2014

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MARKET WRAP

Gold jumped to the highest level in almost three weeks

Silver for immediate delivery rose 0.3 percent

Aluminum was unchanged while nickel, zinc and lead fell

Copper fell, heading for the biggest weekly drop since March

Gold jumped to the highest level in almost three weeks, extending its biggest

advance in a month, as conflict in Ukraine escalated. Silver for immediate delivery

rose 0.3 percent to $19.5535 an ounce after surging 2.4 percent on May 2, the

most since Feb. 14. Copper fell, heading for the biggest weekly drop since March,

after manufacturing expanded less than estimated in China, the biggest consumer

of the metal. Crude headed for a second weekly decline as crude stockpiles at a

record high expanded further in the U.S., the world’s biggest oil consumer.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Mon May 5

2:00pm EUR Sentix Investor Confidence 14.2 14.1

2:30pm EUR EU Economic Forecasts

EUR PPI m/m -0.2% -0.2%

All Day EUR Eurogroup Meetings

7:15pm USD Final Services PMI 54.2 54.2

7:30pm USD ISM Non-Manufacturing PMI 54.3 53.1

Tentative USD Loan Officer Survey


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Phone- (0731)6615050-6620150

TECHNICAL VIEW

GOLD(JUNE) SILVER(JULY)

COPPER(JUNE) CRUDE(MAY)

NATURALGAS(MAY) LEAD(MAY)

ZINC(MAY) NICKEL(MAY)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 29450

• R1 - 28980 Resistance

• S1 - 28450

• S2 - 28150 support

• Consolidate

• Sell on high

Trend



• S1 - 41650


• Consolidate

• Buy on dips

Trend



• S1 - 402


• Consolidate

• Sell on high

Trend



• S1 - 5930


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 302

•R1 - 291 Resistance

•S1 - 277

•S2 - 269 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 130.7

• R1 - 127.9 Resistance

• S1 - 123.5

•S2 - 121.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 129.5

•R1 - 127.2 Resistance

•S1 - 121.2


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 1138

•R1 - 1115 Resistance

•S1 - 1092

•S2 - 1060 support


[email protected]

Phone- (0731)6615050-6620150

ALUMINIUM(MAY)

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Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 110.2

•R1 - 108.3 Resistance

•S1 - 105.3


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