Today's Commodity News Update & Outlook


Posted October 1, 2014 by CommodityTips

We are trying to put trading information for you, so you can know about our accuracy before taking our services. By visiting us you also can get free trials for check our accuracy level. Here this press release provides you market wrap for today.

 
Market Outlook
• Gold futures fell to the lowest since January
• Silver futures for delivery in December dropped 2.9 percent
• Crude slid the most in 22 months Futures slumped 3.6 percent

Gold futures fell to the lowest since January as the outlook for higher U.S. interest rates and a stronger dollar cut demand for precious metals as hedges against inflation. Silver dropped to a four-year low.

Live Gold, Silver Technical View:

GOLD (DEC)
Trend: Consolidate | Strategy: Sell on High
R1- 27150, R2- 27480| S1- 26750, S2- 26280

SILVER (DEC)
Trend: Consolidate | Strategy: Sell on high
R1- 39350,R2- 40500| S1-37350, S2- 36180

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Last Updated October 1, 2014