Oil trading above 68 $

Oil is trading firm above 68$,as US markets are waiting for US job data and the news that OPEC will keep output steady.

Gold is shining again

Gold price nearly gets 1000$.Investors are going for gold around the world.The shares of gold miners jumped 10 percentage on the previous day.

NEWS

Crude displayed some consolidation yesterday by staying confined to Monday’s trading range. The oil complex shrugged off a subdued stock market while responding to some moderate strengthening in the US dollar. Some profit taking ahead of the upcoming weekly stats also appeared to provide impetus behind Yesterday’s slippage. Looking ahead toward week’s end, Thursday’s jobless claims numbers and the ECB policy meeting are likely to impact on the equity and currency markets with spillover into the energy space likely. Overall, Yesterday’s price action looked like a pause in a short term bull move that could easily be followed by fresh highs as this week proceeds.

COMMOTREDNZ VIEW 4 THE DAY

COMMOTREDNZ VIEW 4 THE DAY. !!!!! BULLION WEAK 4 THE DAY AS DATAS IN EVNEING WILL BE SUPORTIVE 4 BASE N CRUDE. VIEW SELL GOLD SILVER ON RALLY IMP RES GOLD 14827 SILVER 22730 ABV THAT CAN JUMP ELSE WEAK FOR THE DAY. BASE N CRUDE WILL BE BOT IN SECOND SESSION AS DATA MITE BE SUPROTIVE

Morning Note

GOLD TRADING RANGE IS 14400-15000.

BUY GOLD OCT @14700-740 SL 14675 TGT 14756-14790-14818-14845.

MCXSILVER TRADING RANGE IS 22250-23150.

BUY SILVER SEP @ 22650-700 SL 22560 TGT 22735-22790-22825-22890.

MCXCRUDE TRADING RANGE IS 3300-3550.

SELL CRUDE AUG BELOW 3400 SL 3418 TGT 3385-3372-3356.

MCXBUY CRUDE AUG @ 3280-3310 SL 3248 TGT 3335-3360-3385

.MCXCOPPER TRADING RANGE IS 270-295.

SELL COPPER AUG BELOW 285.50 SL 287.20 TGT 284.60-283.70-282.20.

MCXZINC TRADING RANGE IS 77-97.

SELL ZINC AUG @ 87-87.50 SL 88.50 TGT 86.20-85.50-84.90.

MCXBUY ZINC AUG @ 84-84.60 SL 83.20 TGT 85.40-86.10-86.90-87.50.

MCXNICKEL TRADING RANGE IS 860-940.

BUY NICKEL AUG @ 878-882 SL 875.50 TGT 885.20-890.50-894.60-898.MCX

TEST

Stock_for_YOU is the complete stock portal provides Indian stock market breaking news,Tips,short term picks,results& more. Widgets are available on Widgepedia[platforms-Opera(Windows, Mac, Linux),Windows Sidebar Gadgets,Windows desktop X],widgetbox(igoogle,myspace,facebook,blogger,wordpress,typepad,bebo,tagged,webs,multiply,pageflakes,ning and piczo) and netvibes(platforms-Netvibes,Mac OS X,Google,Windows Vista).Links are given below(article-get widgets from). You can also visit our website http://stockforyou.tk/. Mobile widgets are available on Plusmo and Webwag.To receive Stock_for_YOU free sms service(Google SMS), send ON Stock_for_YOU to 9870807070 from your mobile.To receive free sms from SMS Gupshup send JOIN Stock_for_YOU to 567678.You can also join Stock_for_YOU community in Orkut and Stock_for_YOU group in google groups. For queries email prasanthobm@gmail.com