Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

$DIA, $GLD, $SLV, $OIL, $USO, $CU

Commentary

Overall all stocks are mixed and trading flat to unchanged. DJIA, Shanghai, Nikkei and Nifty looks Bullish while DAX could face immediate resistance.

Gold  and Silver are going nowhere as they keep trading in the narrow range of 1237-1263 and 17.94-18.50 respectively, which may continue for the rest of this week.

Brent Crude and WTI Crude Oil are trading within their narrow ranges of 52-53.5 and 50.30-51.70. Considering the short term overbought state, we may see some profit taking in here.

Copper is trading within a range of 2.55-2.70 with no directional bias.

A pause day for all the currencies, this pause may go on for another 1-2 sessions.

Dollar Index (100.40) has made a high at 100.60, very close to target of 100.70 but the strength at the higher  marks hints at further rally towards 101.00 in the coming days.

Stay tuned…

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