Commodities Report of 25th May
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Getting the most from our research analysis 25 th May 2012 Commoditi es P robe Gold chart Silver chart COMMENTARY: COMEX Gold futures gained Thursday, rebounding from the previous session’s steep losses but losing some steam as the ses- sion progressed. Gold for June delivery advanced $9.10, or 0.6%, to end at $1,557.50 an ounce on the Comex division of the New York Mercantile Exchange. It had earlier traded as high as $1,577.70, according to FactSet Research. The settlement in the black snaps a three-day losing streak for the metal. silver for July delivery up 64 cents, or 2.3%, to $28.16 an ounce. Mcx Trend: Bullion looks bearish on charts. Gold price could touch 28710 in intraday but any violation below 29090 could turn it bullish. Like Gold, Silver also looks bearish and 53680 is possible on lower side. Support/Resistance Commodity Contracts S4 S3 S2 S1 Crucial Level R1 R2 R3 R4 GOLD 5-Jun-12 28697 28743 28789 28867 28945 28991 29037 29115 29193 GOLDM 5-Jun-12 28709 28754 28799 28873 28946 28991 29036 29110 29183 SILVER 5-Jul-12 53556 53746 53936 54149 54361 54551 54741 54954 55166 SILVERM 30-Jun-12 53381 53621 53861 54096 54330 54570 54810 55045 55279
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Transcript of Commodities Report of 25th May
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