Gold prices eased in Asia on Monday at the start of a week that could see the Federal Reserve raise interest rates at a time of mixed economic fortunes for growth in China. In China at the weekend, data showed fixed asset investment rose 10.9%, just below the 11% seen, while industrial production gained 6.1%, below the 6.4% expected and retail sales rose 10.8%, above the 10.5% seen. Gold for December delivery on the Comex division of the New York Mercantile Exchange fell 0.20% to $1,105.70 a troy ounce.

LME copper tested support at USD 5,320/mt amid cautious sentiment last Friday and finally ended the day down USD 10/mt at USD 5,382/mt. Commodity prices were supported by a softer dollar last Friday but investors were still worried about a slowdown in China’s economy and the timing of US Fed’s interest rate hike. 23% zinc smelters are bullish toward zinc prices in the near term, SMM finds in its latest survey.  LME copper should move in USD 5,340-5,400/mt during Asian trading hours. SHFE 1511 copper may range between RMB 40,800-41,300/mt on Sept. 14.

Crude oil prices gained in Asia on Monday as markets looked ahead to the Federal Reserve review of interest rates this week and mixed China data at the weekend was assessed. On Monday, the Organization of Petroleum Exporting Counties will publish its monthly assessment of oil markets. Influential Wall Street investment bank Goldman Sachs lowered its 2016 forecast for U.S. crude to $45 a barrel from $57 previously, and Brent to $49.50 from $62, citing oversupply and concerns over China's economy.

CS GOLD (OCTOBER) OVERVIEW:

TREND : BEARISH
RESIST 2: 26320
RESIST 1: 26200
SUP 1: 25850
SUP 2: 25580
STRATEGY: SELL ON RISE

CS SILVER (SEPTEMBER) OVERVIEW:

TREND : BEARISH
RESIST 2:35800
RESIST 1:35520
SUP1:34860
SUP2:34500
STRATEGY : SELL ON RISE

CS CRUDE OIL (AUGUST) OVERVIEW:

TREND :BEARISH
RESIST 2:3090
RESIST 1:3050
SUP1:2950
SUP2:2880
STRATEGY: SELL ON RISE