Today Commodity Market Analysis & Trend 26-12-2013

8/13/2019 Today Commodity Market Analysis & Trend 26-12-2013

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Daily Newsletter-Commodity 26/12/2013

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MARKET WRAP

Gold gained for the second time in three sessions

Silver futures for March delivery added 0.4 percent

Copper traded in Shanghai rose to the highest level in 11 weeks

Crude fell, trimming its fourth annual gain in five years

Zinc for delivery in three months rose as high as $2,085 a ton

Gold gained for the second time in three sessions on speculation that this month’s

price drop may spur more physical buying and as violence escalated in South

Sudan. Prices are down 3.8 percent in December, heading for the fourth straight

monthly decline. Silver futures for March delivery added 0.4 percent to $19.484 an

ounce on the Comex. West Texas Intermediate fell, trimming its fourth annual gain

in five years, after industry data showed crude inventories rose in the U.S, the

world’s largest oil consumer . Copper traded in Shanghai rose to the highest level

in 11 weeks while the London market was closed for the Christmas holiday.Inventories of the metal monitored by the LME fell 1.9 percent, the most since

October 2012, to 371,975 tons, daily data showed.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

ThuDec 26

All Day EUR German Bank Holiday

All Day EUR Italian Bank Holiday

7:00pm USD Unemployment Claims 382K 379K




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TECHNICAL VIEW

GOLD(FEB) SILVER(MAR)

COPPER(FEB) CRUDE(JAN)

NATURALGAS(DEC) LEAD(DEC)

ZINC(DEC) NICKEL(DEC)

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 29150

• R1 - 28770Resistance

• S1 - 28050

• S2 - 27780support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 45700


• S1 - 43350


• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 479


• S1 - 458

• S2 - 451support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 6320


• S1 - 6090


• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 291

•R1 - 283Resistance

•S1 - 271

•S2 - 265support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 148.7

• R1 - 144.3Resistance

• S1 - 139.5

•S2 - 136.8support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 137.5

•R1 - 134.8Resistance

•S1 - 131.1


• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 945

•R1 - 913Resistance

•S1 - 858

•S2 - 835support




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ALUMINIUM(DEC)

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taken.

• Consolidate

• Buy on dipsTrend

Strategy

•R2 - 111.5

•R1 - 108.8Resistance

•S1 - 105.3


Today Commodity Market Analysis & Trend 26-12-2013

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