$ COMMODITY DAILY – GRB $ Global Pivots – Weekly – 28th June 2010 to 2nd July 2010

Gold Hourly Bear Flag 23 June 2010

Find attached analysis for your reference.

Global Market Pivots – Weekly – 21st June 10 to 25th June 2010

Global Market Pivots – Weekly – 21st June 10 to 25th June 2010
21/06/2010 16:38
** P W HIGH = Previous Week High, P W LOW = Previous Week Low, S = Support , R = Resistance
IF “COMMODITY” & “+ / -” BOTH COLUMN ARE IN “RED” = BEARISH & IF “GREEN” = BULLISH

COMEX
COMMODITY P W HIGH P W LOW P CLOSE S4 S3 S2 S1 PIOVT R1 R2 R3 R4 + / –
GOLD AUG 10 1263.70 1217.50 1258.30 1111.58 1157.78 1203.98 1236.65 1250.18 1282.85 1296.38 1342.58 1388.78 28.10
SILVER JUL 10 19.28 18.20 19.18 15.74 16.81 17.89 18.65 18.96 19.73 20.04 21.11 22.19 0.95
CRUDE JUL 09 78.13 74.04 77.18 64.44 68.53 72.62 75.30 76.71 79.39 80.80 84.89 88.98 3.40

LME
ALUMINIUM 3 M 2043.00 1933.00 1944.00 1638.00 1748.00 1858.00 1893.00 1968.00 2003.00 2078.00 2188.00 2298.00 -314.00
COPPER 3 M 6775.00 6310.00 6435.00 5105.00 5570.00 6035.00 6225.00 6500.00 6690.00 6965.00 7430.00 7895.00 -1000.00
NICKEL 3 M 20550.00 19250.00 19590.00 15860.00 17160.00 18460.00 18970.00 19760.00 20270.00 21060.00 22360.00 23660.00 -2860.00
TIN 3 M 17850.00 16550.00 17450.00 13475.25 14775.25 16075.25 16900.50 17375.25 18200.50 18675.25 19975.25 21275.25 -200.00
ZINC 3 M 1876.00 1722.00 1730.00 1310.00 1464.00 1618.00 1668.00 1772.00 1822.00 1926.00 2080.00 2234.00 -565.00
LEAD 3 M 1785.50 1685.00 1745.00 1443.63 1544.13 1644.63 1704.75 1745.13 1805.25 1845.63 1946.13 2046.63 -450.00

CURRENCIES
USDINR 46.7600 46.0700 46.1787 44.0947 44.7847 45.4747 45.5694 46.1647 46.2594 46.8547 47.5447 48.2347 -0.6638
USDSGD 1.4037 1.3834 1.3845 1.3270 1.3473 1.3676 1.3721 1.3879 1.3924 1.4082 1.4285 1.4488 -0.0188
EURUSD 1.2415 1.2104 1.2361 1.1391 1.1702 1.2013 1.2234 1.2324 1.2545 1.2635 1.2946 1.3257 0.0300
GBPUSD 1.4886 1.4523 1.4803 1.3670 1.4033 1.4396 1.4631 1.4759 1.4994 1.5122 1.5485 1.5848 0.0287
SGDINR 33.5044 32.9335 33.2440 31.6058 32.1767 32.7476 33.1326 33.3185 33.7035 33.8894 34.4603 35.0312 -0.1299
DOLLAR INDEX 87.0200 85.4530 85.6990 81.1803 82.7473 84.3143 84.7425 85.8813 86.3095 87.4483 89.0153 90.5823 -1.8080
USDJPY 92.1200 90.4500 90.6900 85.8425 87.5125 89.1825 89.5850 90.8525 91.2550 92.5225 94.1925 95.8625 -0.9100

ASIAN & AMERICAN MARKETS
BSE 17721.99 17118.74 17570.82 15706.84 16310.09 16913.34 17311.19 17516.59 17914.44 18119.84 18723.09 19326.34 505.87
NSE 5302.30 5120.15 5262.60 4691.44 4873.59 5055.74 5173.48 5237.89 5355.63 5420.04 5602.19 5784.34 143.25
STRAITS TIMES 2857.86 2801.19 2833.40 2668.80 2725.47 2782.14 2819.75 2838.81 2876.42 2895.48 2952.15 3008.82 37.11
HANG SENG 20315.42 19970.91 20286.71 19252.58 19597.09 19941.60 20256.80 20286.11 20601.31 20630.62 20975.13 21319.64 414.33
DOW 10483.44 10186.21 10450.64 9497.13 9794.36 10091.59 10294.21 10388.82 10591.44 10686.05 10983.28 11280.51 239.57
NASDAQ 2321.99 2242.00 2309.80 2055.71 2135.70 2215.69 2269.38 2295.68 2349.37 2375.67 2455.66 2535.65 66.20
NIKKEI 225 10109.86 9819.95 9995.02 9138.80 9428.71 9718.62 9907.19 10008.53 10197.10 10298.44 10588.35 10878.26 289.77

This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

Global Market Pivots – Weekly – 21st June 10 to 25th June 2010

It’s changed Finally – Gold & Dollar inversely correlated now….

I intimated the expected correlation change between Euro, Gold and Dollar in my last update on 4th June 2010, Now check the result 🙂

Thanks,
Commodity Daily

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.

NEW INVESTORS SHOULD BE VERY CAREFUL.

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Posted By Commodity Daily to Commodity Daily – A World of Possibilities at 6/18/2010 08:18:00 PM

Triveni Engineering Wedge (Bullish) formation – 15 June 2010

Find attached analysis for your reference.

MCX Pivot Points – Daily – 15 June 2010

Gold Spot Hourly – Target met for HNS formation of 9 Jun 2010 – update 11 Jun 2010

Gold spot target has been met yesterday indicated on 9th June 2010, check the charts for the fact.

Gold Hourly – Possible HNS formation – 9 June 2010

Gold might form a HNS formation in hourly chart, check the chart for details and targets.

Gold Daily – possible double top formation – 9 June 2010

Chart 9th June 2010: Gold has taken support in the range of $1174-$1154 and bounced back to $1220 level indicated in my earlier update on 21st May 2010. Weakening Euro and lower than expected payroll data given boost to gold, and it has surged again towards all time high.

Gold Spot has replaced all time high on 08 June 2010 by making another top @ $1252 over the earlier top @ $1248 on 13 May 2010. From the chart, it seems that gold might form a double top formation after making another top near the earlier all time high (it’s too early to assume until the gold closes below $1174), but if it is true Gold may fall toward immediate supports @ $1225 and $1194 as indicated in the chart above. However, if gold find support at the above indicated levels and cross back the high again chances are bright that gold may touch $1300+.