GOLD NEWS


US non-farm payrolls number will be released Friday night.
July’s planned layoffs at US companies, ISM non-manufacturing PMI and sub-index
of Markit manufacturing PMI were disappointing. Consequently, markets expect
non-farm payrolls to be downbeat. LME
copper prices fell by USD 7/mt to end at USD 5,184/mt on Thursday. Investors exited the market on caution before
release of nonfarm payrolls, and large companies reported weak results,
pressuring US stock prices. SHFE 1510 copper contract may trade at RMB
37,800-38,200/mt on August 7. Spot copper will be quoted between a discount of
RMB 60/mt and a premium of RMB 20/mt to SHFE 1508 copper contract.
ENERGY


TREND : BEARISH
RESIST 2:34015
RESIST 1:33940
SUP1:33420
SUP2:33100
STRATEGY : SELL ON RISE
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