- Copper fell in New York, capping a third straight weekly drop
- Gold rebounded from a 10-month low
- Silver futures for May delivery gained 1.7 percent
- Crude 4.7% weekly loss was the biggest since sept 21
Copper fell in New York, capping a third
straight weekly drop, as weaker-than-estimated U.S. employment figures added to
signs that economies are struggling to maintain growth amid swelling inventories
of the metal. Gold rebounded from a 10-month low, gaining the most in five
weeks, after U.S. payrolls grew by the least in nine months. Gold futures for
June delivery added 1.5 percent to settle at $1,575.90 an ounce on the Comex in
New York, the biggest gain since Feb. 26.Silver futures for May delivery gained
1.7 percent to $27.22 an ounce in New York, after reaching $26.575 yesterday,
the lowest since July 24. Prices fell 3.9 percent this week and entered a bear
on April 1. The precious metal is down 9.9 percent this year. crude capped the
biggest weekly drop in six months as U.S. employers hired less than half the
number of workers forecast in March, raising concern that economic growth won’t
be strong enough to support oil demand. WTI oil for May delivery dropped 56
cents, or 0.6 percent, to $92.70 a barrel on the Nymex, the lowest settlement
since March 21. The 4.7 percent weekly loss was the biggest since Sept. 21.
Technical
View:
GOLD(APR)
Trend
• Consolidate
Strategy
• Sell on high
Resistance • R2
- 30180 ; R1 - 29890
support • S1 – 29430 ; S2 – 29150
support • S1 – 29430 ; S2 – 29150
SILVER(MAY)
Trend • Consolidate
Trend • Consolidate
Strategy
• Sell on high
Resistance •
R2 -52550 ; R1 -51870
support • S1 - 49500 ; S2 - 48300
support • S1 - 49500 ; S2 - 48300
Money CapitalHeight Research Pvt Ltd is an ISO
9001-2011 Registered Stock Advisory Company, having a strong hold in
providing most authentic and accurate Mcx Tips .
For 2 Days Free Mcx Tips,Stock
Tips,Mcx Strategy,Live Mcx Calls,Market Wrap Visit our sites www.capitalheight.com
or call at 0731-4295950 or 9993066624
·
No comments:
Post a Comment