BASE METAL WRAP: Copper dropped for a third day on mounting tensions in Syria before a report that may show the U.S. economy grew more than previously estimated, adding to the case for the Federal Reserve to taper stimulus.
ENERGY WRAP: West Texas Intermediate oil fell from the highest settlement in more than two years, dropping for the first time in three days. U.S. crude stockpiles increased by 2.99 million barrels last week, a government report showed.
PRECIOUS METAL WRAP: Gold retreated from a three-month high spurred by tensions over Syria as U.S. economic data may reinforce the case for the Federal Reserve to slow stimulus and a technical indicator showed that prices were set to decline.
GLOBAL EVENTS TO WATCH: ANZ Business Confidence, Private Capital Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, FOMC Member Bullard Speaks, Natural Gas Storage.
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Today most accurate tip for commodity........
ReplyDeleteCOPPER (29 NOV.) TREND: CONSOLIDATE
RES 1: 447
RES 2: 452
SUPP 1: 440.50
SUPP 2: 437
STRATEGY: SELL ON HIGHS
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