FUNDAMENTALLY :
TRADING : $ 1200.50
The RBI (Reserve Bank of India) appear to be selling U S Treasury bonds and buying GOLD. China nd Russia also doing same things slowly selling U S bonds and buying GOLD. Fed AND EU central banks apparently hell-bent on raising rates. It seems yellow metal demand keep growing for a short term period.
TECHNICALLY :
USD (DX) INDEX continuing trade BELOW major resistance level 94.10 nd expected will stay BELOW some time.
The daily trade level for GCZ18 (Comex GOLD Future) are as follow
R2 : 1219
R1 : 1213
PIVOT : 1204
S1 : 1296
S2 1290
RECOMMENDATION :
LOOKING for a BUY @ 1197/98 level for target 1211 minimum with a STOP loss of support level (Intraday)
CRUDE OIL (CL)
TRADING : $71.45
CRUDE oil is the best opportunity to BUY on dip. I expect the demand keep growing for coming month and it may TOUCH $72.99/74 soon. LOWER level support LAYING down @ 69.40/70 and act as a good buying RANGE too ........to be continued
REGARDS
RAHUL KUMAR
HFBC +91-819-3003-476
TRADING : $ 1200.50
The RBI (Reserve Bank of India) appear to be selling U S Treasury bonds and buying GOLD. China nd Russia also doing same things slowly selling U S bonds and buying GOLD. Fed AND EU central banks apparently hell-bent on raising rates. It seems yellow metal demand keep growing for a short term period.
TECHNICALLY :
USD (DX) INDEX continuing trade BELOW major resistance level 94.10 nd expected will stay BELOW some time.
The daily trade level for GCZ18 (Comex GOLD Future) are as follow
R2 : 1219
R1 : 1213
PIVOT : 1204
S1 : 1296
S2 1290
RECOMMENDATION :
LOOKING for a BUY @ 1197/98 level for target 1211 minimum with a STOP loss of support level (Intraday)
CRUDE OIL (CL)
TRADING : $71.45
CRUDE oil is the best opportunity to BUY on dip. I expect the demand keep growing for coming month and it may TOUCH $72.99/74 soon. LOWER level support LAYING down @ 69.40/70 and act as a good buying RANGE too ........to be continued
REGARDS
RAHUL KUMAR
HFBC +91-819-3003-476
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