2. 8
Gold futures climbed, settling at a near one-month high on a wave of
buying by investors who bet the market would break out of its sideways
funk. Futures added about $5 an ounce in the half-hour before the
settlement, as some traders bet the market's selling pressure was
easing two weeks after gold's record-setting decline. You've got a
technical war" as traders who place bets based on market momentum
try to gauge where gold prices will move next, head precious metals
dealer with Integrated Brokerage Services. After futures largely shuffled
sideways for eight consecutive sessions, Mr. McGhee said some
momentum traders stepped in late Wednesday in an effort to trigger
automatic buy orders clustered near $1,470 and push prices higher.
NEWS RADAR
TRADING TIPS EXPERT OPINION
SELL GOLD BELOW 1465 TGS
1440/1415 SL 1475
SELL SILVER BELOW 23.75
TGS 23.50/23.00 SL 24.00
SELL COPPER BELOW 3.3200
TGS 3.3000/3.2800 SL
3.3500
SELL CRUDE BELOW 96.30
TGS 95.80/95.00 SL 97.00
GOLD LOOKS BEARISH
SILVER LOOKS BEARISH
CRUDE OIL LOOKS BEARISH
COPPER LOOKS BEARISH
NGAS LOOKS BEARISH
LEAD LOOKS BEARISH
NICKEL LOOKS BEARISH
ALUMINIUM LOOKS BEARISH
ZINC LOOKS BEARISH
3. S1 S2 R1 R2
1460 1446 1482 1496
GOLD HOURLY CHART
GOLD LOOKS BEARISH SELL BELOW 1465.00
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 1440.00 LEVEL AND
MAINTAINING SL OF 1472.00
4. S1 S2 R1 R2
23.94 23.70 24.26 24.52
SILVER HOURLY CHART
SILVER LOOKS BEARISH SELL BELOW 23.90 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 23.50 LEVEL AND MAINTAINING SL
OF 24.10
5. S1 S2 R1 R2
3.3100 3.2900 3.3460 3.3650
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.3200
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.3500 LEVEL AND
MAINTAINING SL OF 3.3000
3
6. S1 S2 R1 R2
95.80 94.90 96.30 97.20
CRUDE OIL HOURLY CHART
CRUDE LOOKS BEARISH BUY AROUND 96.30 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 95.50 LEVEL AND MAINTAINING SL
OF 96.90
7. OPEN HIGH LOW CLOSE
GOLD 1467.05 1487.80 1456.02 1468.83
SILVER 23.79 24.38 23.42 24.08
CRUDE 93.95 96.01 93.55 95.41
COPPER 3.1055 3.3130 3.1048 3.3058
NGAS 4.038 4.065 3.973 4.054
ALUMINIUM 1821.63 1888.01 1821.13 1887.38
LEAD 1951.75 2047.38 1946.25 2046.88
NICKEL 14780.00 15202.00 14745.00 15145.50
DATE CURRENCY FORECAST PREVIOUS
MAY 9 USD Unemployment Claims 333K 324K
MARKET STATISTICS
ECONOMIC CALENDAR
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