Comex Signal Update:
SELL GOLD 1319 TARGETS 1315 1310 STOPLOSS 1324
FeedBack:-
KINDLY BOOK PROFIT IN GOLD AT 1315.50
Showing posts with label Intradaytradingsignals. Show all posts
Showing posts with label Intradaytradingsignals. Show all posts
Friday, 1 July 2016
Wednesday, 29 June 2016
Blue chips shake off early caution as crude oil climbs
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| Multi Management & Future Solutions |
KUALA LUMPUR: After a hesitant begin on Wednesday, blue chips observed key Asian markets higher following the in a single day rebound on Wall street and crude oil prices advanced.
At nine.47am, the FBM KLCI become up 4.sixty six points or 0.29% to at least one,638.70. Turnover became 320.seventy two million stocks valued at RM180.63mil. There have been 240 gainers, 153 losers and 226 counters unchanged.
Asian percentage markets joined a global rally on Wednesday as the immediately impact of britain's vote to go away the ecu began to wane and buyers wagered principal banks could have to experience to the rescue with more stimulus measures, Reuters reported.
Oil rose early on Wednesday as economic investors poured money lower back into commodities and as a potential strike in Norway and crisis in Venezuela threatened to reduce deliver.
The twine document said Brent crude futures were buying and selling at US$48.seventy six in step with barrel at 0019 GMT, up 18 cents from their final settlement. US mild crude changed into up 30 cents at US$48.15 a barrel.
Maybank investment bank research endorsed a “sell on Rallies” approach for Thursday. It talked about the July 2016 futures changed into at a small 1.96-point top rate against the FBM KLCI.
“We agree with helps of 1,six hundred to 1,621 will be weaker, even as heavy liquidation activities will cap rebounds at the resistances of 1,634 and 1,664.
“The FBM KLCI fell from the 1,729.13 excessive, but has not found a everlasting floor but. A volatile and weaker index tone may additionally prevail for now, in spite of the pre-2H16 window dressing activities,” it said.
most of the KLCI shares, BAT changed into the top gainer, up 46 sen to RM50.70 at the same time as Petronas Dagangan delivered 18 sen to RM23.40. but, Axiata and MAHB fell six sen each to RM5.52 and RM6.28.
Bintulu Port rose 35 sen to RM6.ninety eight, Pestech 28 sen to RM6.seventy eight, SAM Engineering 14 sen to RM7.ninety and Heineken 12 sen to RM15.30 while Scientex won 10 sen to RM12.10.
Tuesday, 28 June 2016
Gold falls on profit-taking after metal trades at most since July 2014
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| Multi Management & Future Solutions |
BENGALURU: Gold fell on Tuesday as financial specialists picked to book benefits, after the yellow metal exchanged close to the most astounding since July 2014, floated by place of refuge interest after worldwide securities exchanges plunged in the wake of Britain's choice to leave the European Union. Gold in the past session expanded increases from Friday when it quit for the day at US$1,315.48 an ounce, the most since July 2014 and the greatest one-day pick up since January 2009 as the British vote incited speculators to swing to more secure resources.
Speculators, be that as it may, gathered up pounded resources on Tuesday as sterling and Asian developing business sector monetary standards recaptured some balance and raw petroleum bobbed, cutting down the interest for gold. The place of refuge resource is regularly seen as a support against monetary and budgetary danger.
Spot gold was down 0.6% to US$1,316.80 an ounce by 0400 GMT. It rose 0.7% on Monday.
US gold slipped 0.3% at US$1,320.50.
"“So far it has predominantly been Chinese offering. They have been great dealers the entire far up, particularly when we passed US$1,300.
We keep on seeing fair offering from them," said MKS Group merchant Alex Thorndike.
"“It appears like the business sector is delaying here a bit now considering the moves we have seen since Friday. Be that as it may, in two or three weeks I think we could see costs in the US$1,375-US$1,400 territory."
English bank Standard Chartered, in any case, said the gold rally has lost its force and it would be troublesome for the metal to drift above US$1,300 an ounce.
"“Once the quick short-run race to security dies down and expecting successful strategy reactions to alleviate capital business sector concerns, we think gold will battle to keep afloat/oz amid Q3, and will push down towards US$1,250/oz," the bank said in a note.
Property in SPDR Gold Trust, the world's biggest gold-supported trade exchanged asset, rose 1.40% to 947.38 tons on Monday, the most astounding since July 2013.
Among different valuable metals, spot silver was down 0.6% to US$17.61 per ounce.
Silver may break a resistance zone of US$18.12 to US$18.84 per ounce and ascend into a scope of US$21.09 to US$22.07 throughout the following three months, as showed by a couple Fibonacci retracement investigations, Reuters specialized examiner Wang Tao said.
Platinum rose 0.3% to US$976.90 an ounce and palladium was up 0.1% at US$555.40. - Reuters
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