INTERNATIONAL COMMODITY NEWS :
• Gold futures came off earlier highs and dipped into negative territory on Friday though the commodity remain stable on fears that financial woes at Portugal’s largest bank may signify the euro zone periphery may be facing financial troubles anew. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,337.00 a troy ounce during U.S. trading, down 0.16%, up from a session low of $1,334.90 and off a high of $1,340.30. The August contract settled up 1.13% at $1,339.20 on Thursday.
TRADING STRATEGY :
SILVER-COMEX has closed @ 21.41. If it sustain above the level of 21.46, it can touch the level of 21.61 & 21.81 respectively. If it breaks the level of 21.13, it can touch the level of 20.98, 20.78 respectively.
• Gold futures came off earlier highs and dipped into negative territory on Friday though the commodity remain stable on fears that financial woes at Portugal’s largest bank may signify the euro zone periphery may be facing financial troubles anew. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,337.00 a troy ounce during U.S. trading, down 0.16%, up from a session low of $1,334.90 and off a high of $1,340.30. The August contract settled up 1.13% at $1,339.20 on Thursday.
TRADING STRATEGY :
SILVER-COMEX has closed @ 21.41. If it sustain above the level of 21.46, it can touch the level of 21.61 & 21.81 respectively. If it breaks the level of 21.13, it can touch the level of 20.98, 20.78 respectively.
- BUY SILVER-COMEX ABOVE 21.46 TGTS 21.61, 21.81 SL 21.27.
- SELL SILVER-COMEX BELOW 21.13 TGTS 20.98, 20.78 SL 21.32.
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