Business Inventories and Commodity Tips

Information about Business Inventories and Commodity Tips

Published on July 15, 2014

Author: Sreelu42

Source: authorstream.com

Content

PowerPoint Presentation: Business I n ve n tories and C o m m odi t y Tips Gold Mcx C o m m o d i t y is tra d i n g at $13 0 7 a n d we b e l ie v e o v erall b earish trend which h as b een seen f o r the p ast s e v eral m o n ths is in p ro g ress a n d w e r e c o m mend selli n g f r o m h i gh e r le v e l s. We h ad an i d e a a b o u t $ 1 3 55 a s r esistan c e le v els f o r C o mex G o ld th o ug h markets ma d e a h i g h o f $ 1 3 45 la s t w e ek a n d then d ecli n ed s o p o ssi b l y t h e b earish trend is a g ain c o n fi r m ed. L o cal l y t o o , w e are sh i fti n g o u r st r ate g y to sell whe r eas i n to the d if f erent Gold c o n tract s , w e c o n ti nu e to mai n tain o u r stance that Co n tan g o b etw e en MCX A u g- O ct G o ld may f u rther n ar r o w af t er the FM r efrai n ed f r o m cutti n g Im p o rt du t y i n B udg et. So tra d ers can s ell Au g - B u y Oct o n pu l lb a cks for s h o r t - t er m . A l s o a same s t rate g y can b e fol l o wed b et w een MC X / A CE G o ld wh e rein MCX wo u ld re m ain a s ell t h o ug h A CE G o ld H ed g e a bu y in ve r y sho r t - te r m G l o b al M a rket A n al y sis: Our vi e w o n B u l l ion we n t w r o n g last d ay. We we r e un a b le t o j udg e the p o sit i ve d e v el o p ment o ver E U - P o r tu g al b a n ks, Isr a el’s p r o g ress whe r e as the US s t o c ks r o se t o a n o ther re c o r d . C om ex g o ld cras h ed a b o u t $ 40 f r o m d a y’s h i g h . Meanwh i l e, eur o - z o n e IP nu m b e r c o mi n g i n- l in e with est i m ates al s o pu l l ed ma r kets lower. As i an mar k ets a r e tra d i n g p o sit i ve th i s m o r n i n g ; the U S D i n d ex i s tra d i n g a b it d o wn n ear 8 0 .2 0 . F r o m the e c o n o mic d a t a fro n t t o d ay, we h a v e the Z e w su r vey fr o m t h e G E, EU and f r o m t h e US we h ave e m p i r e ma nu factur in g i n d ex and retail sales . S i lv e r C o mm o d ity we h ad a simi l ar o u tl o o k in si l ve r c o m m o d i t y as with g o ld yes t erd a y w h erein w e mai n tai n ed m o d e r a t e bu y i n g in the c o m m o d i t y. W i th o u r b ias in b ase m eta l s t o o stan d i n g m o s t l y p o siti v e, w e also a d vised t r a d ers to l o o k for s ell in g the Gol d /S i l ver R a tio f o r s m a ll p rofits a n d h o ld for a d ay o r t w o . N e vert h eless, o u r v i ew there t o o we n t a g ai n st u s as si l v e r und erp e rfo r med g o ld mar g i n al l y a n d p ro b a b ly tra d ers mi g h t b e sitting with s o me l o s s . As with the fresh vi e w n o w c o m p lete l y s e en o n the d if f erent si d e, w e a d v i ce th o se h o l d i n g G o l d /S i l v er Rat i o sell t o e xit w i th l o ss whi l e in i n tra d ay w e rec o m mend selli n g si l ver o n pu l lb acks b o th I n d ia a n d i n ter n atio n al mark e ts. Tra d ers n o te that k ey e vent t o d ay f o r B u l l ion w o u ld b e Fed C h ai r , J a n et Yel l en’s test i m o n y b e f o re the S enate Ba n ki n g C om mit t ee. H er c o m ments o v er i n te r e st rate, e c o n o my a n d i n fl a ti o n m a y i n f u se h i g h v o l a t i l i ty in b roa d er mar k ets i n cl ud i n g Bu l l i o n t o n i gh t. C o mm od i t y Ti p s SELL ME N THA OIL M C X J UL BE L O W 7 0 0 SL 7 10 TGT 69 0 - 6 81 SELL S I LVER MCX SEP B E L O W 4 4 9 80 SL 4 5 2 0 0 TGT 4 46 0 0 - 4 4 3 0 0 T od a y E c ono m i c D a ta I n d i c a t o r s : DA T E TIME Region Indic a t or Pe r i o d Su r vey Pr i o r 15. 0 7. 1 4 1 1 : 3 0 JN Mac h i n e T o o l Or d er Y o Y Ju n F --- 34.2 15. 0 7. 1 4 1 4 : 0 0 UK CPI M o M Jun 0.0 - 0.1 15. 0 7. 1 4 1 4 : 0 0 UK CPI Y o Y Jun 1.7 1.5 15. 0 7. 1 4 1 4 : 0 0 UK CPI C o re Y o Y Jun 1.8 1.6 15. 0 7. 1 4 1 4 : 3 0 GE Zew S u r vey Cur r ent Sit u at i o n Jul 67.9 67.7 15. 0 7. 1 4 1 4 : 3 0 GE Zew S u r vey Exp e ctat i o n s Jul 30.0 29.8 15. 0 7. 1 4 1 4 : 3 0 EC Zew S u r vey Exp e ctat i o n s Jul --- 15. 0 7. 1 4 1 8 : 0 0 US Retail Sa l es A d va n c e M o M Jun 0.6 0.3 15. 0 7. 1 4 1 8 : 0 0 US Retail Sa l es Ex A u to Mo M Jun 0.6 0.1 15. 0 7. 1 4 1 8 : 0 0 US Retail Sa l es Ex A u to and G a s Jun 0.6 0.0 15. 0 7. 1 4 1 8 : 0 0 US E m p ire M a nu fa c tur in g Jul 17.0 19.3 15. 0 7. 1 4 1 8 : 0 0 US Im p o rt P r i ce I n d e x Mo M Jun 0.4 0.1 15. 0 7. 1 4 1 8 : 0 0 US Im p o rt P r i ce I n d e x Y o Y Jun --- 0.4 15. 0 7. 1 4 1 8 : 0 0 US B u si n ess I nv ent o r i es May 0.6 0.6

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