Singapore Stock Exchange

Gold Silver Crude Technical Analysis for Intraday

Alex Gray
Publish date: Mon, 19 May 2014, 05:35 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
Spot gold prices started the week on a positive note and rose to three week high on escalating tensions in Ukraine and a break above the key $1300 mark. However, rising US equities with S&P moving within 1percent of its record high last week capped sharp gains in the metal.
Forecast
On an intraday basis, gold prices can trade on a mixed note and can take an up-move.
SILVER
Silver tried to rally during the course of the week, but gave up most of the gains by the time we closed on Friday. We see the $20.00 level as massively resistive now, as the market has formed a shooting star. However, we have also formed a couple of hammers in this general vicinity, so the end of the day it's probably going to be consolidation going forward.
Forecast
On an intraday basis, we expect silver prices to trade on a mixed note as the economic data released from the US is painting bright picture about the economy.
While on the other hand, improving trend in SPDR holdings along with weakness in the DX will cushion sharp downside or even reversal in prices.
CRUDE
Crude oil prices for June expiry contract at NYMEX managed a strong performance past week. WTI prices registered gains of around 1. 5% to $101.75 per barrel for the last week In the other major global benchmark, the ICE Brent saw a near similar performance with the commodity inching higher by 1.75% to near $110 per barrel level.
Forecast
Brent rising in the recent past rapidly possibly due to Libya tension while WTI grade is managing higher. For the day we expect both the oil grades may trade higher so we suggest buying from lower levels.
TODAY'S DAY RANGE
COMMODITY S1 S2 R1 R2
GOLD 1290 1280 1300 1308
SILVER 19.00 18.50 20.00 20.50
CRUDE 101 100.80 102 102.80
DAY'S HIGHLIGHT
  • US Building Permits increased to 1.08 million in the last month.
  • LME Copper inventories plunged by whopping 10.5 percent last week.
  • Euro Zone Trade Balance was at surplus of 15.2 bn Euros in Q1 2014.
  • Improving US economic data exerts downside pressure on gold prices.
  • US Prelim UoM Consumer Sentiment declined to 81.8-mark in May.
Data Update for 19th May 2014
Time Currency Impact Particular Actual Forecast Previous
4:15am NZD

PPI Input q/q 1.00% 0.50% -0.70%


NZD

PPI Output q/q 0.90% 0.40% -0.40%
4:31am GBP

Rightmove HPI m/m 3.60%

2.60%
5:20am JPY

Core Machinery Orders m/m 19.10% 6.10% -4.60%
12:30pm EUR High German Buba President Weidmann Speaks





Tentative EUR

German Buba Monthly Report





All Day CAD

Bank Holiday





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 1 comments
Post a Comment