GOLD: Watching 21 day MA today. Gold needs to close back above the 21 day moving average to see focus shift back to tests of the key $163060 region with layers of resistance continuing up until around the $1717-20 region. Continue Reading…
Archive for July 9th, 2012Gold Technical Research
Posted Jul 9 2012
European Markets Summary
Posted Jul 9 2012
London Stocks End Lower; Econ Worries Weigh FTSE 100 ends 0.6% lower at 5627.33 as investors fret about the health of the global economy. Unsurprisingly, miners close in the red after China’s disappointing inflation data; Anglo American finishes down 2.9%. Continue Reading… Greece T-Bill Auction Preview
Posted Jul 9 2012
Greece’s Debt Management Agency (PDMA) is planning to issue E1.25bln of a new 26-Week T-bill maturing Jan 11, on Tuesday. At the Eurozone finance ministers meeting Monday afternoon, they are due to discuss the possibility of easing the Greek bailout terms, as the country enters its fifth year of recession. Continue Reading… Netherlands Auction Preview
Posted Jul 9 2012
The Dutch State Treasury Agency (DSTA) re-opens its 3-year benchmark 0.75% Apr 2015 DSL issue Tuesday for an indicative size of between E2.5bln-E3.5bln. Continue Reading… S&P Analysis
Posted Jul 9 2012
(1346,30) The S&P confirmed a weak closing on Friday well below the low of the negative day reversal at 1357 suggesting further weakness, especially in case of another weak closing tonight below 1342,50. Continue Reading… Soybeans Market Analysis
Posted Jul 9 2012
November soybeans were trading 40 cents higher near 7:30 cst this morning and to a new contract high. China soybean futures were up 3% overnight and Malaysia palm oil prices were up 0.7%. Continue Reading… Silver Market Analysis
Posted Jul 9 2012
Relative to gold, silver seems to have mounted a slightly more impressive bounce off the Friday lows in the early Monday trade action. Continue Reading… Cocoa Market Analysis
Posted Jul 9 2012
Demand concerns from Europe plus better weather for the main crop in Ivory Coast for later this year are seen as negative short-term forces for cocoa. Continue Reading… Natural Gas Market Analysis
Posted Jul 9 2012
August natural gas prices tried to reverse Friday’s bearish wide range reversal during the overnight and early morning hours but so far have made little progress. Continue Reading… Wheat Market Analysis
Posted Jul 9 2012
September Chicago wheat traded 21 cents higher near 7;30 am CST on follow through from the corn market. The September contract has been unable to push above last Thursday’s highs at 8.40 3/4. Continue Reading… |