Singapore Stock Exchange

Gold , Silver & Crude Commodity Daily Technical Analysis

Alex Gray
Publish date: Tue, 13 May 2014, 03:02 PM
Alex Gray
0 413
It is the high time to make the most of your surplus money. We offers free real time tips and recommendations for Stock Market, Forex, Commodity, Live Stock Market Data and more. invest with our tips and enjoy bigger profits on your small investment.
simply leave a contact no and email address or take a free trial now.
Following Message

GOLD
Gold price rose yesterday from the opening of session as the tension in Ukraine increase but can't see the buying after few hours of US opening as the poor Physical Demand in the commodity pull back the price, technically gold is near to a critical retracement zone which should determine whether the market forms a potentially bullish secondary higher bottom or attempts to take out the last swing bottom.
Forecast
Gold is expected to trade in range of 1300 to 1280
SILVER
Silver got the supportive clue form the value of Gold and it also took the up-move and rose 2.1 % Currently Silver is trading in a very tight range of 19.65 to 19.00 and is not breaking this level, volatility in the market is only supportive to make trade in silver.
Forecast
Silver prices are expected to trade weaker in a range of 18.70 to 19.90
CRUDE
Crude oil prices moved up by 0.60% on Monday after European union warned of further sanctions and Russia threatened to disrupt gas supplies. Talks between Iran and the International Atomic Energy Agency ended inconclusively on Monday with no clear indication whether progress on an agreement over Tehran's nuclear programme had been achieved.
Forecast
Crude is expected to trade sideway for today's session in a range of 100.50 to 99
TODAY'S DAY RANGE
COMMODITY S1 S2 R1 R2
GOLD 1285 1275 1300 1314
SILVER 19.20 18.50 19.80 20.50
CRUDE 99.20 98.50 100.70 101.50

DAY'S HIGHLIGHT
  • As China is the biggest economy for the Industrial Production so Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment.
  • Australia is about to release the Annual Budget that will be including expected spending and income levels, borrowing levels, financial objectives, and planned investments.
  • European Union foreign ministers indicated any disruption of elections in Ukraine on May 25 could trigger new economic sanctions against Russia.
Data Update for 13th May 2014
Time Currency Particular Impact Actual Forecast Previous
4:15am NZD FPI m/m

0.60%

-0.30%
4:31am GBP BRC Retail Sales Monitor y/y

4.20%

-1.70%
5:20am JPY M2 Money Stock y/y

3.40% 3.40% 3.60%
7:00am AUD HPI q/q

1.70% 3.00% 3.80%


AUD Home Loans m/m

-0.90% -0.10% 2.30%
9:15am JPY 30-y Bond Auction

1.71|4.6

1.70|2.9
11:00am CNY Industrial Production y/y HIGH

8.90% 8.80%


CNY Fixed Asset Investment ytd/y



17.70% 17.60%


CNY Retail Sales y/y



12.20% 12.20%
11:30am EUR German WPI m/m



0.10% 0.00%
1:40pm GBP MPC Member Cunliffe Speaks







2:30pm EUR German ZEW Economic Sentiment HIGH

41.3 43.2


EUR ZEW Economic Sentiment



63.5 61.2
Tentative AUD Annual Budget Release HIGH





5:00pm USD NFIB Small Business Index



94.6 93.4
6:00pm USD Core Retail Sales m/m HIGH

0.60% 0.70%


USD Retail Sales m/m HIGH

0.50% 1.20%


USD Import Prices m/m



0.40% 0.60%
7:30pm USD Business Inventories m/m



0.40% 0.40%
8:00pm CAD BOC Review







More articles on Singapore Stock Exchange
1MDB: Goldman Sachs faces suit over ties to Malaysian fund

Created by Alex Gray | Jul 27, 2016

KLCI Malaysia Market Review & Tomorrow Forecast

Created by Alex Gray | Jul 26, 2016

Weekly Wrap of KLCI And Forecast for Week Ahead

Created by Alex Gray | Jul 08, 2016

Malaysia Market: Companies That May Be In Focus On Friday

Created by Alex Gray | Jul 06, 2016

EURCAD‬: CAN GO ANY SIDE

Created by Alex Gray | Jun 30, 2016

Malaysia Inflation Rate at 13-Month Low

Created by Alex Gray | Jun 18, 2016

EUR/USD Fundamental Forecast - May 24, 2016

Created by Alex Gray | May 24, 2016

KLCI Will Rose on Tuesday- Malaysia Stock Market Forecast

Created by Alex Gray | May 23, 2016

Malaysia's KLSE Stock Market Forecast for Friday, 20 May 2016

Created by Alex Gray | May 19, 2016

Market Forecast for KLCI Malaysia: Thursday, 19 May 2016

Created by Alex Gray | May 18, 2016

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment