GOLD:
 
 Gold prices held mostly steady in early Asia on Thursday wit the focus ahead on U.S. jobs data at the end of the week. On the Comex division of the New York Mercantile Exchange, gold for December delivery held steady in early Asia on Thursday at $1,084.40, up 0.04%, as investor assess chances for a rebound after recent steady declines. Gold had stabilized in recent sessions after dipping below $1,075 an ounce late last month to touch down to its lowest level since 2010. Investors have abandoned their positions in gold, as it loses its appeal as a safe haven asset following the resolution of comprehensive Greek Bailout and Iranian Nuclear deals. 


 BASE METAL
LME copper prices remained below USD 5,200/mt Wednesday and lost USD 32/mt to end at USD 5,191/mt. Concerns over China’s economic slowdown and copper consumption decline weighed on the market. in The US, the ADP’s job data were well below expectation in July, but ISM service index hit a nearly 10-year high. SHFE 1510 copper contract started at RMB 38,170/mt for Wednesday night, and fell to RMB 37,830/mt before ending at RMB 37,930/mt, down by RMB 200/mt. Positions grew 7,104, and trading volumes were about 131,000 lots. SHFE 1510 copper contract may trade at RMB 37,700-38,200/mt on August 6. Spot copper will be quoted at discounts of RMB 20-50/mt to SHFE 1508 copper contract.
ENERGY

Crude oil staged a mild rebound in early Asia on Thursday with investors focused on continued market oversupply. Energy traders also reacted to the latest build in Saudi Arabian oil, as the kingdom ramped up crude output in July by 70,000 to 10.57 bpd. If Saudi Arabia continues to increase output at its current level, analysts from Citigroup believe the Gulf state could produce an average of 11 million bpd for the second half of 2015. U.S. president Barack Obama continued his push for a long-term nuclear accord with Iran during a defiant speech at American University in Washington. 

CS SILVER (SEPTEMBER) OVERVIEW:
    
TREND : BEARISH
RESIST 2:33770
RESIST 1:33600
SUP1:33290
SUP2:33100
STRATEGY :  SELL ON RISE

CS CRUDE OIL (JULY) OVERVIEW:

 TREND :BEARISH
RESIST 2:3010
RESIST 1:2960
SUP1:2860
SUP2:2820
STRATEGY: SELL ON RISE

CS NATURAL GAS (AUGUST) OVERVIEW:
    
TREND :BULLISH
RESIST 2:183
RESIST 1:181
SUP1: 178
SUP2:176
STRATEGY: BUY ON DIPS