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Commodities Analysis & Opinion

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Gold Prices Steady As Markets Return From Easter Holiday
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 - Apr 22, 2014

Gold prices are flat in Tuesday trading, as the markets return to action after the Easter holiday. In the European session, the spot price is $1291.69. On the release front, today's key event is ...

 
Nickel Support At 1033 Levels: Sharekhan
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 - Apr 22, 2014

The adjacent chart shows the price movement of MCX nickel on the continuous chart. Nickel has done a sharp pull-back in the last few weeks. In terms of the Fibonacci retracement the pullback has ...

 
Lead Resistance At 128 Level, Buying Recommended
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 - Apr 22, 2014

The above Daily chart of Lead suggest that prices has breached the crucial resistance of 128 level. RSI is in a buy mode. We expect prices to go up to levels of 132.

 
Rising Crop Prices Main Factor In Rural Economy Turnaround
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 - Apr 22, 2014

The rural economy has been growing for two straight months after falling below neutral growth in February. Uncertainty over when the Federal Reserve will increase interest rates has attributed to the ...

 
Copper Is Down By $66 And Trading At $6610, Selling Recommended
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 - Apr 22, 2014

Copper had been one of the major underperformers among base metals in 2014, having declined over 10% and during the past week, it closed near the $6650 / MT mark. It was lower last week as well having...

 
Aluminum Hold A Bullish Outlook, Buying Recommended
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 - Apr 22, 2014

The week began with a marginal bearish tone for the metal which is trading at $1864 down by $11 from its previous week’s close. We believe this may have been a temporary loss while the ...

 
Silver May Witness Down Resistance At 42264
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 - Apr 22, 2014

Silver settled down -0.83% at 42027 slid in tandem with losses in gold and platinum group metals. Due to Monday's drop, silver has reversed its gains and is lower on the year. In Ukraine, an agreement...

 
Gold May Witness Flat At 28527, 28165-28761 Range
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 - Apr 22, 2014

Gold settled flat at 28527 dropped from the day's high after a forward-looking U.S. economic indicator came in slightly better than expected and gave the dollar support. The metal was also hurt by a ...

 
Gold Trading Update: Traders Return From Holiday
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 - Apr 22, 2014

As traders return to their desks after the long Easter break very little has changed with the Gold picture since last week. There is strong support formed by a combination of Fibonacci level, moving ...

 
Gold Trades Near Lowest Level In Over Two Weeks
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 - Apr 22, 2014

Precious Gold traded near its lowest level in more than two weeks as improvement in U.S. data added to speculations the Fed may raise interest rates earlier than anticipated. Data released yesterday ...

 
Oil Down On Rising Ukraine Tension
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 - Apr 22, 2014

Oil was little changed Tuesday as traders weighed the situation in Ukraine amid fears rising tension halt exports from Russia, Europe’s largest energy supplier. The European markets reopened ...

 
Oil And Gold Analysis: WTI Trades Above $104
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 - Apr 22, 2014

Crude OilWest Texas Intermediate oil traded above $104 a barrel amid speculation that tension between Ukraine and Russia is sufficiently priced into the market. WTI was near the highest level of 2014 ...

 
Gold June In Selling Recommended Around 28500 Levels
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 - Apr 22, 2014

On the daily chart, prices have reversed after taking resistance of 29000 level. Daily RSI is in a sell mode and prices are trading below the short term averages. We recommend a sell around 28500 ...

 
Gold Failed At 200 EMA; Will It Find Support At 1280?
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 - Apr 22, 2014

I'm not actually shorting gold here, as a I'm a long-term bull, but technically, we did see a failure at the 200 EMA. If support at 1280 doesn't hold, this could confirm a pattern of lower highs and ...

 
Preparing For A Reset Of The World's Reserve Currency
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 - Apr 22, 2014

Willem Middelkoop and Terence van der Hout of the Netherlands-based Commodity Discovery Fund believe that when the world's reserve currency is reset away from the U.S. dollar in the next decade, gold ...

 
Why Energy Is Once Again Catching The Market's Eye
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 - Apr 21, 2014

Over the last month the energy sector has outperformed the market, and as you can see in the chart below, has done so by 6.5 percent. Year-to-date the sector is beating the S&P 500 Index by over 3 ...

 
The Line In The Sand: Week Of April 21, 2014
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 - Apr 21, 2014

Below, a weekly technical update, published at the beginning of each trading week in spreadsheet format to help you develop your trading game plan by identifying the short-, medium- and long-term ...