Gold futures for December delivery gained 1.2 percent, Silver futures for December delivery gained 2.4 percent, Copper futures capped the biggest gain in almost three weeks.
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MARKET WRAP
Gold futures for December delivery gained 1.2 percent
Silver futures for December delivery gained 2.4 percent
Copper futures capped the biggest gain in almost three weeks Gold rose the most in two months as the dollar headed for the biggest drop in almost a year, reviving the metal’s appeal as an alternative investment after prices touched a 2014 low. Silver jumped the most in 15 weeks. WTI for November delivery increased 60 cents to settle at $90.34 a barrel on the New York Mercantile Exchange. Futures slipped to $88.18 on Oct. 2. Copper futures capped the biggest gain in almost three weeks on speculation that demand will improve amid signs of a strengthening economy in the U.S., the world’s second-biggest consumer of the metal. ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous Tue Oct 7 11:30am EUR German Industrial Production m/m -1.4% 1.9% 12:15pm EUR French Gov Budget Balance -84.1B 7:30pm USD JOLTS Job Openings 4.71M 4.67M USD IBD/TIPP Economic Optimism 46.3 45.2 10:50pm USD FOMC Member Kocherlakota Speaks
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TECHNICAL VIEW
GOLD(DEC) SILVER(DEC)
COPPER(NOV) CRUDE(OCT)
NATURALGAS(OCT) LEAD(OCT)
ZINC(OCT) NICKEL(OCT)
• Consolidate
• Sell on high
Trend Strategy
• R2 - 27480
• R1 - 26950
Resistance
• S1 - 26550
• S2 - 26280
support
• Consolidate
• Sell on high
Trend Strategy
• R2 - 40500
• R1 - 39350
Resistance
• S1 - 37350
• S2 - 36180
support
• Consolidate
• Sell on high
Trend Strategy
• R2 - 429
• R1 - 422
Resistance
• S1 - 411
• S2 - 403
support
• Consolidate
• Buy on dips
Trend Strategy
• R2 - 5715
• R1 - 5620
Resistance
• S1 - 5490
• S2 - 5420
support
• Consolidate
• Buy on dips
Trend Strategy
•R2 - 255
•R1 - 248
Resistance
•S1 - 234
•S2 - 227
support
• Consolidate
• Sell on high
Trend Strategy
• R2 - 133.5
• R1 - 131.7
Resistance
• S1 - 128.4
•S2 - 125.5
support
• Consolidate
• Buy on dips
Trend Strategy
•R2 - 146.5
•R1 - 143.9
Resistance
•S1 - 140.2
•S2 - 137.3
support
• Consolidate
• Sell on high
Trend Strategy
•R2 - 1065
•R1 - 1047
Resistance
•S1 - 1013
•S2 - 985
support
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ALUMINIUM(OCT)
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• Consolidate
• Sell on high
Trend Strategy
•R2 - 122.5
•R1 - 119.3
Resistance
•S1 - 117.3
•S2 - 114.5
support