INTERNATIONAL COMMODITY NEWS :
• Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50.
TRADING STRATEGY :
PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively.
• Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50.
TRADING STRATEGY :
PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively.
- SELL PLATINUM-COMEX BELOW 1478 TGTS 1470, 1458 SL 1488.
- BUY PLATINUM-COMEX ABOVE 1497 TGTS 1505, 1517 SL 1487.
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