Key Stock, Crude, Gold and Silver Markets Briefing

Key Stock, Crude, Gold and Silver Markets Briefing

Key Stock, Crude, Gold and Silver Markets Briefing


Commentary: All US financial markets were closed Thursday for Thanksgiving, they will open at 9:30a and close at 1:00p EST Friday for a 1/2 day session. PE

DJIA at 19083.18, +0.31% was closed Thursday and could possibly continue to move up Friday targeting the 1st  resistance near 19200-19250 near term.

DAX at 10689.26, +0.25%) is staying within 10600-10800, and there is not ahead near term unless this action breaks on either up or down. Patience in here.

Nikkei at 18473.94, +0.77% is in a strong rally, could test target of 18630 in here. It has also pulled up USD/JPY (113.75) with itself and looks Bullish near term.

Shanghai at 3226.41, -0.45% came off from weekly resistance near 3270 and if that holds, see a fall to 3200-3175 or lower near term before again bouncing back.

Nifty at 7965.50, -0.84% not seeing a sharp fall below 8000, it is able to recover the fall seen in early trade to close at marks closer to 8000, from there expect a fall towards 7900-7800 medium term.


Crude Oil, Gold, Silver & Copper Markets

Commentary: Commodities are overall Bearish except Crude Oil which is stable in here, and may take some time to decide on further direction, Copper may be close to a near term top. PE

Copper at 2.6430 is trading above 2.60 for now and could move up towards 2.75-3.00 before coming off sharply to lower marks near 2.50/40 medium term.

Gold at 1176.90 is under strong Bear influence, so could easily see some more fall to 1150-1130 near term.

Silver at 16.27 is ready to break 1st support near current marks and could see 16.00-15.65 near term.

Brent Crude at 48.93, and WTI Crude Oil 47.92 are stable near current marks. Crude Oil may remain stable for a few more sessions before the OPEC meeting on 30 November. Keep an eye on Key resistance near 50-52 levels on both pricings.

Stay tuned…

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