GOLD COMEX SETTLED $ 1153.10
Gold comex move high tic 1155.40 on thrusday trading and hit my weekly target and drop down little after FED chair person YELLEN spoke about raising intrest rate till the end of this year.
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed's target rate of 2 percent as unusually low oil price and other factors prove temporary. And she suggested that global economic weakness won't likely be significant enough to dissuade the Fed from raising its key short-term rate from Zero by December.
Technically, I am expecting yellow metal facing difficulties move higher above its Monthly resistence $ 1158-60. Re-test of 1123-1130 possible against Oct expiry.
SILVER : weekly resistence at 15.23 and monthly major resistenve 15.55, lower support at 14.70 and major support 14.38, continue holding small part of silver buying side.
CRUDE : After a direct move from high tic 47.15 to yesterday low 43.77 I am still expecting Crude move higher in next 1-2 week and proccesing to make bottam now. Major support to watch 43.77-44.20 .
COPPER : No doubt copper if not close below its monthly support 2.255 than high again 2.38-2.48 . Copper trading range 2.27-2.48.
SNP 500 : I have been stop out my last long position at 1929 and enter again at 1903 yesterday , keeping long my (ES) long with stop below 1888.
Any one who intrested my trade level and recommendation for Intraday trading can write me bestech30@gmail.com
The first week is totally free of cost.
HAPPY TRADING
Rahul Kumar
Bullion expert
+91 8193003476
Gold comex move high tic 1155.40 on thrusday trading and hit my weekly target and drop down little after FED chair person YELLEN spoke about raising intrest rate till the end of this year.
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed's target rate of 2 percent as unusually low oil price and other factors prove temporary. And she suggested that global economic weakness won't likely be significant enough to dissuade the Fed from raising its key short-term rate from Zero by December.
Technically, I am expecting yellow metal facing difficulties move higher above its Monthly resistence $ 1158-60. Re-test of 1123-1130 possible against Oct expiry.
SILVER : weekly resistence at 15.23 and monthly major resistenve 15.55, lower support at 14.70 and major support 14.38, continue holding small part of silver buying side.
CRUDE : After a direct move from high tic 47.15 to yesterday low 43.77 I am still expecting Crude move higher in next 1-2 week and proccesing to make bottam now. Major support to watch 43.77-44.20 .
COPPER : No doubt copper if not close below its monthly support 2.255 than high again 2.38-2.48 . Copper trading range 2.27-2.48.
SNP 500 : I have been stop out my last long position at 1929 and enter again at 1903 yesterday , keeping long my (ES) long with stop below 1888.
Any one who intrested my trade level and recommendation for Intraday trading can write me bestech30@gmail.com
The first week is totally free of cost.
HAPPY TRADING
Rahul Kumar
Bullion expert
