Download - Commodity Market News & Trends for Today
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MARKET WRAP
Gold tumbled to a three-month low
Silver futures for December delivery declined 2.9 percent
Copper futures for delivery in December rose 0.7 percent
Aluminum, zinc, lead and nickel rose in London.
Crude oil for November delivery slid $1.24
Gold tumbled to a three-month low on speculation that U.S. lawmakers will reach
an agreement to increase the nation’s debt limit and end a government shutdown,
curbing demand for bullion as a store of value. Gold is heading for the first annual
loss since 2000 and the biggest decline since 1981, as some investors lost faith in
the precious metal as a store of value and amid concern that the Fed may slow the
pace of its $85 billion monthly bond purchases. Silver futures for December
delivery declined 2.9 percent to $21.259 an ounce, the biggest drop since Sept.
20. Copper futures for delivery in December rose 0.7 percent to $3.2725 a pound
on the Comex in New York. West Texas Intermediate crude oil for November
delivery slid $1.24, or 1.2 percent, to $101.77 a barrel on the New York Mercantile
Exchange.
ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous
Mon Oct 14
2:30pm EUR Industrial Production m/m 0.8% -1.5%
All Day EUR Eurogroup Meetings
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TECHNICAL VIEW
GOLD(DEC) SILVER(DEC)
COPPER(NOV) CRUDE(OCT)
NATURALGAS(OCT) LEAD(OCT)
ZINC(OCT) NICKEL(OCT)
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 29150
• R1 - 28670 Resistance
• S1 - 28130
• S2 - 27650 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 48500
• R1 - 47350 Resistance
• S1 - 45850
• S2 - 44280 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 461
• R1 - 451 Resistance
• S1 - 437
• S2 - 429 support
• Consolidate
• Sell on high
Trend
Strategy • R2 - 6370
• R1 - 6290 Resistance
• S1 - 6165
• S2 - 6055 support
• Consolidate
• Sell on high
Trend
Strategy •R2 - 245
•R1 - 237 Resistance
•S1 - 221
•S2 - 213 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 130.7
• R1 - 128.5 Resistance
• S1 - 124.5
•S2 - 121.8 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 119.5
•R1 - 116.8 Resistance
•S1 - 112.3
•S2 - 109.5 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 895
•R1 - 875 Resistance
•S1 - 833
•S2 - 808 support
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ALUMINIUM(OCT)
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• Consolidate
• Buy on dips
Trend
Strategy •R2 - 116.5
•R1 - 114.8 Resistance
•S1 - 112.1
•S2 - 109.3 support