Gold edged higher on Wednesday after a near 1 percent
fall in the previous session, as two Federal Reserve officials said the U.S.
central bank was likely to continue supporting the economy through asset purchases
for some time.
- Crude oil rallied above $100 a barrel
- Gold declined for the first time in three sessions
- Silver futures for September delivery fell 1.4 percent
- Zinc rally almost 1% on Tuesday
Crude
oil rallied above $100 a barrel for the first time since September and gasoline
futures rose on concern political turmoil in Egypt will threaten supplies from
the region. Gold declined for the first time in three sessions as improving
U.S. economic data strengthened the case for the Federal Reserve to slow the
pace of stimulus and as a rising dollar cut the appeal of alternative
investments.
GOLD
(AUG)
Trend •
Consolidate
Strategy • Sell on high
Resistance • R2
- 26580 ; R1 - 26250
support • S1 – 25750 ; S2 – 25280
support • S1 – 25750 ; S2 – 25280
SILVER
(JUL)
Trend • Consolidate
Strategy
• Sell on highTrend
Resistance • R2 - 42550; R1 - 41270
support • S1 - 39850; S2 – 38500
CH STOCK CASH PLUS
CALLS 03-07-2013
SELL UNITED BREWERIES (LCP 867.9) BELOW 863 TG-856-846
SELL MRF (LCP-12804.7) BELOW 12760 TG-12710-12640
SELL WHEELS (LCP-803.65) BELOW 800 TG-794-784
SELL ORRISA MINERAL (LCP-2369.5) BELOW 2350 TG-2320-2280
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