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COMMODITY MARKET WRAP 16 JULY 2012

Posted by IntradayTips on July 16th, 2012

 

 

BASE METAL WRAP:Copper traders are the most bearish in six weeks on concern demand will slow in China, Europe and the US at a time when hedge funds are betting on lower prices. Copper fell 0.3% to $7,577 a tonne this year on the London Metal Exchange after slumping 21% last year. The MSCI World Index of equities gained 2% since the start of January and the S&P GSCI gauge of 24 commodities slid 4.6%.

 

 

COPPER (AUG)

TREND CONSOLIDATE

SUPPORT 1: 418.05

SUPPORT 2: 414.20

RESISTANCE 1: 425.15

RESISTANCE 2: 428.45

CRUDE OIL (JUL)

TREND CONSOLIDATE

SUPPORT1: 4700

SUPPORT2: 4620

RESISTANCE1: 4825

RESISTANCE2: 4920

GOLD (AUG)

TREND BEARISH 

SUPPORT1: 29180

SUPPORT2: 29115

RESISTANCE1: 29368

RESISTANCE2: 29491  

Three Critical Equity Tips

Posted by Christopher Bason on June 21st, 2012

Equity tips will be valueless for you if you do not understand the basics of these financial instruments. Equity is essentially a stock. It represents a share or a piece of a particular business.

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