Kumaresan Selvaraj pillai


BLOG MOVED 2 http://finance-world-breaking-news.blogspot.com/

Saturday, June 2, 2012

Commodity Blog

Commodity Blog

Technical Analysis, June 4th — June 8th, 2012

Posted: 01 Jun 2012 11:41 PM PDT

The technical analysis, that includes the indicators' data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of June 2nd, 2012:

Indicators
Moving Averages RSI Parabolic SAR CCI
Oil Short Oversold Short Short
Gold Short Neutral Long Long
Silver Short Neutral Short Neutral
Copper Short Oversold Short Short

Floor Pivot Points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
Oil 84.39 90.97 94.89 101.47 105.39 111.97 115.89
Gold 1462.67 1496.73 1561.37 1595.43 1660.07 1694.13 1758.77
Silver 26.04 26.61 27.54 28.11 29.04 29.61 30.54
Copper 305.38 317.77 324.68 337.07 343.98 356.37 363.28

Woodie’s Pivot Points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
Oil 90.31 93.57 100.81 104.07 111.31
Gold 1504.38 1576.65 1603.08 1675.35 1701.78
Silver 26.70 27.72 28.20 29.22 29.70
Copper 316.40 321.95 335.70 341.25 355.00

Camarilla Pivot Points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
Oil 93.05 95.93 96.90 97.86 99.78 100.75 101.71 104.60
Gold 1571.72 1598.86 1607.91 1616.95 1635.05 1644.10 1653.14 1680.29
Silver 27.65 28.06 28.20 28.33 28.61 28.75 28.88 29.30
Copper 320.99 326.29 328.06 329.83 333.37 335.14 336.91 342.22

Fibonacci Retracement Levels
Oil Gold Silver Copper
100.0% 108.04 1629.50 28.68 349.45
61.8% 104.03 1591.80 28.11 342.08
50.0% 102.79 1580.15 27.93 339.80
38.2% 101.55 1568.50 27.75 337.52
23.6% 100.02 1554.09 27.53 334.70
0.0% 97.54 1530.80 27.18 330.15

(...)
Read the rest of Technical Analysis, June 4th — June 8th, 2012 (15 words)

Posted on Commodity blog.

Oil & Copper Down on Poor Fundamentals, Sugar Falls as Surplus Grows

Posted: 01 Jun 2012 09:29 AM PDT

Commodities, including crude oil and copper, dropped today on poor fundamental reports from the United States and China. US nonfarm payrolls grew by just 69,000, compared to traders’ expectations of 151,000 growth, and the unemployment rate unexpectedly rose to 8.2 percent. Manufacturing Purchasing Managers’ Index fell from 54.8 in April to 53.5 in May. China’s PMI declined to 50.4 last month from 53.3 the month before. Futures for delivery of crude oil in July fell $2.94 (3.4 percent) to $83.59 per barrel by 10:22 on NYMEX after reaching $82.56 — the lowest level since October 7. Brent dropped from $101.65 to $98.76 as of 16:03 GMT on ICE today, following the decline to $97.71 — the lowest price since February 8. Copper went down from $3.3600 per pound to $3.3260 per pound on COMEX and its daily low of $3.3015 was the lowest since December 19.

Sugar had additional negative factor: speculations that surplus will grow as Brazil boost its output. Rabobank International predicted that world sugar production will outpace demand by 4.6 million metric tons in the 2012–13 season. Economists say that Asian countries, particularly China, increase their purchases of raw sugar because of the low prices, providing a temporary floor to prices. In the longer term, the agricultural commodity will likely resume its decline. Sugar declined from $0.1950 to $0.1916 per pound on ICE today and earlier it touched $0.1895 — the low last seen in August 17, 2010.
(...)
Read the rest of Oil & Copper Down on Poor Fundamentals, Sugar Falls as Surplus Grows (12 words)

Posted on Commodity blog.

Commodity Prices — June 1st 2012

Posted: 01 Jun 2012 08:01 AM PDT

Latest commodity prices (ICE, NYMEX, CME) as of 14:59 GMT:

Oil (Brent) — $98.49 per barrel.
Gold — $1,611.20 per troy ounce.
Silver — $28.40 per troy ounce.
Palladium — $609.05 per troy ounce.
Platinum — $1,428.00 per troy ounce.
Copper — $316.80 per 100 pounds.
Cocoa — $2,031.00 per metric ton.
Sugar — $19.02 per 100 pounds.
Corn — $567.50 per 100 bushels.
Soybean — $1,339.00 per 100 bushels.

Posted on Commodity blog.
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)