2010 07 05 research report

8/9/2019 2010 07 05 Research Report

1/4

New York gold futures closed higher due to short covering on Friday as it

consolidated some of Thursday's decline. The high-range close sets the stage

for a steady to higher opening on Tuesday. Stochastics and the RSI remain

bearish signaling that sideways to lower prices are possible near-term. If

August extends this week's decline, the reaction low crossing at 1168.00 is

the next downside target. First resistance is the 10-day moving average

crossing at 1236.30. Second resistance is Wednesday's high crossing at

1248.80. First support is Thursday's low crossing at 1198.20. Second support

is the reaction low crossing at 1168.00.

7-DRSI 14-DRSI 14-DMA 50-DMA 100-DMA 200-DMA

37.45 % 1195.51 % 1238.71 $ 1221.50 $ 1177.48 $ 1149.25 $

Short Term:Buy , Targe t 1215.76$-1222.48$ Stop loss 1205.38$-1204.30$

Mid Term : Sell, Targe t 1206.78$-1196.96$ Stop loss 1226.42$-1227.50$

Long Term : Sell, Targe t 1196.31$-1179.14$ Stop loss 1244.56$-1245.70$

JS Global Capital LimitedJuly 05, 2010

Commodities Market

Disclaimer:

This report has been prepared for information purposes by the Commodities Department of JS Global Capital Limited. The information and data onwhich this report is based are obtained from sources which we believe to be reliable but we do not guarantee that it is accurate or complete. Inparticular, the report takes no account of the investment objectives, financial situation and particular needs of investors who should seek furtherprofessional advice or rely upon their own judgment and acumen before making any investment. This report should also not be considered as areflection on the concerned companys management and its performances or ability, or appreciation or criticism, as to the affairs or operations ofsuch company or institution. Warning: This report may not be reproduced, distributed or published by any person for any purpose whatsoever. Action

will be taken for unauthorized reproduction, distribution or publication.

Commodities Market: Technical Outlook

Spot Gold:

Open:1196.96$

High:1213.23$

Low:

1196.31$

Close:

1211.04$

Market Range:16.92$

Syed Abbas [email protected]

92 (21) 111-574-111 Ext. 3193

S3 S2 PIVOT R1 R2 R3

1184.08 $ 1195.51 $ 1206.86 $ 1215.78 $ 1223.97 $ 1235.76 $

S1

1205.31 $

Gold

Current Price

1213.98$(per ounc e)

Sidewa ys to,

Bearish


2/4

New York silver futures closed slightly higher due to short covering on Friday

as it consolidated some of Thursday's decline. The low-range close sets the

stage for a steady to lower opening on Tuesday. Stochastics and the RSI

remain bearish signaling that additional weakness is possible near-term. If

September extends Thursday's decline, June's low crossing at 17.230 is the

next downside target. Closes above the 10-day moving average crossing at

18.592 are needed to confirm that a low has been posted. First resistance is

the 10-day moving average crossing at 18.592. Second resistance is

Monday's high crossing at 19.270. First support is today's low crossing at

17.635. Second support is this month's low crossing at 17.230.


29.61 % 39.75 % 18.670 $ 18.440 $ 18.070 $ 17.680 $

Short Term: Sell, Targe t 17.730$-17.620$ Stop loss 17.930$-17.950$




17.180 $ 17.380 $ 17.840 $ 18.020 $ 18.350 $ 18.690 $

S1

17.700 $

Current Price

17.870$(per ounc e)

Silver

Bearish

July 05, 2010 JS Global Capital Limited

Spot Silver:

Open:

17.800$

High:

18.100$

Low:17.620$

Close:

17.820$

Market Range:

0.480$


3/4

New York crude oil closed lower on Friday and posted a new three-week low

as it extends this week's decline. The mid-range close sets the stage for a

steady to lower opening on Tuesday. Stochastics and the RSI remain bearish

signaling that sideways to lower prices are possible near-term. If August

extends this week's decline, the reaction low crossing at 70.93 is the next

downside target. Closes above the 10-day moving average crossing at 76.31

would confirm that a short-term low has been posted. First resistance is the

20-day moving average crossing at 76.28. Second resistance is the 10-day

moving average crossing at 76.31. First support is today's low crossing at

71.62. Second support is the reaction low crossing at 70.93.


30.53 % 40.72 % 76.46 $ 75.67 $ 78.69 $ 77.34 $

Short Term: Sell, Targe t 71.77$-71.40$ Stop loss 72.76$-72.86$




69.83 $ 70.90 $ 72.41 $ 73.03 $ 74.10 $ 75.00 $

S1

71.65 $

Current Price

72.50$(pe r ba rrel)

Crude Oil

Bearish


Crude Oil:

Open:

72.74$

High:73.35$

Low:71.61$

Close:

72.28$

Market Range:1.74$


4/4

Todays Economic Calendar


SNO TIME COUNTRY IMPACT EVENT FORECAST PREVIOUS

1 4:30am AUD Med ium AIG Services Ind ex 47.5

2 5:30am AUD Low MI Infla tion Expec ta tions 0.5%

3 6:30am AUD High ANZ Job Ad vertisem ents m/ m 4.3%

4 12:15pm CHF High Reta il Sa les y/ y 2.7% 1.3%

5 1:00pm EUR Low Fina l Servic es PMI 55.4 55.4

6 1:30pm EUR Low Sentix Investor Co nfid enc e -4.5 -4.1

7 1:30pm GBP High Servic es PMI 55.1 55.4

8 2:00pm EUR Me dium Ret a il Sa les m/ m 0.1% -1.5%

9 All Day USD US Bank Holiday

2010 07 05 research report

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