Discussion points
Oil, copper for the stock data of the ISM, Fed-speak form risk trends of gold and silver reflect the Inflation-hedge demand that there expectations evolve products look towards U.S. economic calendar, with emphasis on the ISM manufacturing gauge us. Appeal of forecasts of a mild slowdown in April that keeps the movement of modest increase cut intact last year July (a print below 52.6 would be necessary to align the trend, and expected a result 53.0).
With the probability of Fed there still much to focus on financial markets, a fresh reading promotes the counter-current appetite for risk on hopes of rising stimulus. Crude oil and copper prices remain closely correlated with the 500 S & P and therefore should follow actions in this scenario, while the gold and silver may find support on the concerns of increasing dilution of the Dollar.
Investors are likely to assess a case held the comments of the representatives of the Fed in the same meaning. Regular observations of regional branch Presidents Kocherlakota, Williams, Evans, Lockhart and Plosser are due to the crossroads of the son. The preliminary series of weekly oil inventory figures APIs handles risk event of the day.
WTI crude oil (near NY): $104.87 / / 0.06 / / 0,06%
In a hanging man candlestick price lower resistance to 104.90, a former level of support, index that withdrawal may be coming. A low Tower here seen 102.20 initial support. Moreover, a discussion already target trend line resistance now at 105.91.
Daily chart - created with FXCM Marketscope 2.0
Spot Gold (near NY): $1664.75 / / + 2.00 / / + 0.12%
Prices have the top of a channel lower the value of early March, with the bulls now aimed to challenge the 1680.00 resistance and 1696.88, marked by summits of swing key set on 12 April and March 27. The top of the channel, now at 1656.74, has been redesigned as a short-term support.
Daily chart - created with FXCM Marketscope 2.0
Cash (near NY): $31.02 / /-0.24 / /-0.78%
Price test 31.36 resistance, with a break above channel down to expose the value of early March (now at 31,96). Channel short term substantive support is now 29.64.
Daily chart - created with FXCM Marketscope 2.0
COMEX E-Mini Copper (near NY): $3.830 / / + 0.004 / / + 0.10%
Prices are again more former support for a set of line increasing trend in mid-February, with a break already expose the next to the barrier just below the figure of 4,000 in the region of 3 933 - 3 988. For the moment, initial support to the 3.713 lines.
Daily chart - created with FXCM Marketscope 2.0
Oil, copper for the stock data of the ISM, Fed-speak form risk trends of gold and silver reflect the Inflation-hedge demand that there expectations evolve products look towards U.S. economic calendar, with emphasis on the ISM manufacturing gauge us. Appeal of forecasts of a mild slowdown in April that keeps the movement of modest increase cut intact last year July (a print below 52.6 would be necessary to align the trend, and expected a result 53.0).
With the probability of Fed there still much to focus on financial markets, a fresh reading promotes the counter-current appetite for risk on hopes of rising stimulus. Crude oil and copper prices remain closely correlated with the 500 S & P and therefore should follow actions in this scenario, while the gold and silver may find support on the concerns of increasing dilution of the Dollar.
Investors are likely to assess a case held the comments of the representatives of the Fed in the same meaning. Regular observations of regional branch Presidents Kocherlakota, Williams, Evans, Lockhart and Plosser are due to the crossroads of the son. The preliminary series of weekly oil inventory figures APIs handles risk event of the day.
WTI crude oil (near NY): $104.87 / / 0.06 / / 0,06%
In a hanging man candlestick price lower resistance to 104.90, a former level of support, index that withdrawal may be coming. A low Tower here seen 102.20 initial support. Moreover, a discussion already target trend line resistance now at 105.91.
Daily chart - created with FXCM Marketscope 2.0Spot Gold (near NY): $1664.75 / / + 2.00 / / + 0.12%
Prices have the top of a channel lower the value of early March, with the bulls now aimed to challenge the 1680.00 resistance and 1696.88, marked by summits of swing key set on 12 April and March 27. The top of the channel, now at 1656.74, has been redesigned as a short-term support.
Daily chart - created with FXCM Marketscope 2.0Cash (near NY): $31.02 / /-0.24 / /-0.78%
Price test 31.36 resistance, with a break above channel down to expose the value of early March (now at 31,96). Channel short term substantive support is now 29.64.
Daily chart - created with FXCM Marketscope 2.0COMEX E-Mini Copper (near NY): $3.830 / / + 0.004 / / + 0.10%
Prices are again more former support for a set of line increasing trend in mid-February, with a break already expose the next to the barrier just below the figure of 4,000 in the region of 3 933 - 3 988. For the moment, initial support to the 3.713 lines.
Daily chart - created with FXCM Marketscope 2.0
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