ENERGY NEWS
Oil prices eased in Asian trade on Friday as investors turned cautious ahead of U.S. jobs data later in the day which is expected to play into the Federal Reserve's decision on the timing of any U.S. rate hike. Oil stuck to a narrow range in thin trading, with Chinese markets closed as second day for a holiday to commerate the end of World War Two. Investors are also keeping an eye on U.S. oil rig data due later on Friday and any drop in rig numbers could bolster oil's price outlook.
BULLION & ENERGY
GOLD (OCTOBER) OVERVIEW:
TREND : BEARISH
RESIST 2: 26740
RESIST 1: 26630
SUP 1: 26280
SUP 2: 26020
STRATEGY: SELL ON RISE
TREND : BEARISH
RESIST 2: 26740
RESIST 1: 26630
SUP 1: 26280
SUP 2: 26020
STRATEGY: SELL ON RISE
SILVER (SEPTEMBER) OVERVIEW:
TREND : BEARISH
RESIST 2:36070
RESIST 1:35850
SUP1:35300
SUP2:35000
STRATEGY : SELL ON RISE
RESIST 2:36070
RESIST 1:35850
SUP1:35300
SUP2:35000
STRATEGY : SELL ON RISE
CRUDE OIL (AUGUST) OVERVIEW:
TREND :BEARISH
RESIST 2:3190
RESIST 1:3150
SUP1:3020
SUP2:2980
STRATEGY: SELL ON RISE
RESIST 2:3190
RESIST 1:3150
SUP1:3020
SUP2:2980
STRATEGY: SELL ON RISE
NATURAL GAS (AUGUST) OVERVIEW:
TREND :SIDEWAYS
RESIST 2:184
RESIST 1:182
SUP1: 178
SUP2:175
STRATEGY: BUY ON RISE
RESIST 2:184
RESIST 1:182
SUP1: 178
SUP2:175
STRATEGY: BUY ON RISE
BASE METAL
COPPER (AUGUST ) OVERVIEW:
TREND :BEARISH
RESIST 2:356
RESIST 1:352
SUP1:348
SUP2:342
STRATEGY: SELL ON RISE
RESIST 2:356
RESIST 1:352
SUP1:348
SUP2:342
STRATEGY: SELL ON RISE
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