Stokcs, Metals, Energy, Forex, Crypto
Gold:
Our opinion is, staying aside until a clearer sign appears to pinpoint the upcoming big move.
Silver:
Our opinion is, selling silver around 34.35 gradually targeting 33.05,32.45 and 31.25, while the stop loss is a daily closing below 35.65 might be appropriate.
Crude Oil:
Our opinion is buying oil around 89.85 targeting 90.70 and 91.50 and 92.30. Stop loss with hourly closing below 89.70 may be appropriate.
Breaking!
Dhangadhi, fwfutures.com, As EIA has decided to release 60 Million barrels crude stock it is on sell off. We strictly recommend no trade on crude oil for June 23, 2011. We will inform you whenever there is trading opportunity.
WASHINGTON (MarketWatch) - U.S. applications for unemployment compensation rose by 9,000 to a seasonally adjusted 429,000 in the week ended June 18, the Labor Department said Thursday. Initial claims from two weeks ago were revised up to 420,000 from an originally reported 414,000. Economists surveyed by MarketWatch had expected initial claims for last week to total 415,000. The average of new claims over the past four weeks, meanwhile, was flat at 426,250 after taking the latest revisions into account. The monthly average is considered a more accurate measure of employment trends. The number of people who continued to receive unemployment checks edged down 1,000 to a seasonally adjusted 3.7 million in the week ended June 11. Continuing claims are reported with a one-week lag. A total of 7.54 million people received some kind of state or federal benefit in the week of June 4, up 137,220 from the prior week. Total claims are reported with a two-week lag
Morning Report | |||||
Commodity | Opinion | Target | Stop Loss | ||
Gold | Buying around 1545 | 1556-1564 | Below 1537 | ||
Silver | Selling around 36.35 | 35-34.35-33.90 | Above 37 | ||
Crude Oil | Selling around 95 | 93.20-91.60 | Above 95.50 | ||
Risk Disclaimer: The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. FWfutures is not liable for any losses or damages, monetary or otherwise that result.
Morning Report | ||||||
Commodity | Targeting | Opinion | Target | Stop Loss | ||
Gold | 1600 | Buying around 1537 | 1549-1556-1564 | Below 1522 | ||
Crude Oil | 87 | Selling around 94.30 | 93-91 | Above 95 | ||
Silver | 26.65 | Selling around 36.35 | 35-34.35-33.90 | Above 37 | ||
Disclaimer: The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. FWfutures is not liable for any losses or damages, monetary or otherwise that result.
Crude Oil
Our opinion is buying oil with four-hour candle closing above 92.80 targeting 94.50. Stop loss with four-hour closing below 92.50
Gold
Our opinion is buying gold around 1532.00 and take profit in stages at 1549.00, 1556.00 and 1564.00 and stop loss with daily closing below 1520.00 might be appropriate this week
Silver
Our opinion is selling silver around 35.85 and take profit in stages at 35.00, 34.35, 33.90 and stop loss with daily closing above 37.40 might be appropriate this week
Farwest Futures (Dhangadhi): Buy Crude Oil August at CMP SL below $ 100 Target $101.50-$102
Fwfutures.com (Dhangadhi) Major Markets are on confused move. We strongly recommend to stay aside for few days. If there good opportunities, we will inform you.
Gold:
Support: 1537.00, 1532.00, 1523.00, 1519.00, 1513.00
Resistance: 1549.00, 1556.00, 1562.00, 1575.00, 1580.00
Our opinion is, buying gold around 1537.00 gradually targeting 1556.00,1560.00 and 1581.00, while the stop loss is a daily closing below 1523.00 might be appropriate.
Silver:
Support: 36.35, 36.15, 35.65, 35.00, 34.80
Resistance: 37.00, 37.45, 37.75, 38.00, 38.40
Our opinion is, selling silver around 37.00 gradually targeting 35.65, 34.80 and 33.90 , while the stop loss is a daily closing above 38.00 might be appropriate.
Crude Oil:
Support: 98.00, 97.70, 96.60, 96.30, 95.05
Resistance: 99.05, 100.70, 101.05, 101.80, 102.20
Our opinion is selling crude around 99.05, and take profit in stages at 98.00 and 96, 60. Stop loss with daily closing above 100.70 might be appropriate for today
Dhangadhi (www.fwfutures.com) Market is in very narrow range since Asian Session. We recommend to wait till US Job Data, Crude Oil Inventory Report.
Data | Time |
Unemployment Claims | 6:15 PM NST |
Crude Oil Inventory | 8:45 PM NST |
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
