9 January 2014

KEYS TO TRADE IN COMMODITY FOR 09/01/2014

"BUY SILVER FEB @ 43800 TGT 44100 SL 43550"
On wednesday in the market of commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.

During the afternoon session, there were some fresh developments from Indonesia, where the government put forward a proposal to allow the export of concentrated ores up to 2017. If this I s passed, we could see a negative impact on nickel and to an extent aluminum over the coming sessions.
MCX copper for February delivery was seen trading sideways since morning and is expected to trade with sideways to negative sentiments in the rest of the session. MCX copper for February delivery was seen trading..

GOLD

28,811

DOWN
23
SILVER
43,951

DOWN
575
OIL

5,781
DOWN
75

  
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