NEWS RADAR
8
Gold futures fell on Wednesday, under pressure from a rising U.S. dollar and data showing an uptick in retail sales in the world's largest economy. The most actively traded contract, for April delivery, fell $3.30, or 0.2%, to settle at $1,588.40 a troy ounce on the Comex division of the New York Mercantile Exchange. The U.S. dollar rose on Wednesday, pressuring dollar-denominated gold futures by making them appear more expensive for buyers using other currencies. A string of economic data showing a recovery in the U.S. economy on Wednesday pushed the currency, as measured by the ICE U.S. Dollar Index, to the highest point in seven months. Gold's losses and the dollar's gains came after data showed U.S. retail sales rose by more than expected in February.
But a stabilizing U.S. economy and a debate within the Fed as to when TRADING EXPERT OPINION to throttle back onTIPS its easing have limited investor interest in gold. Through Wednesday, gold was down 5.2% in 2013.. SELL GOLD AROUND 1585 TGS 1579/1573 SL 1591 SELL SILVER AROUND 28.80 TGS 28.60/28.40 SL 29.00 SELL COPPER AROUND
GOLD LOOKS BEARISH
SILVER LOOKS BEARISH CRUDE OIL LOOKS BULLISH
COPPER LOOKS BEARISH
NGAS LOOKS BULLISH
3.4940 TGS 3.4740/3.4540
LEAD LOOKS BEARISH
SL 3.5140
NICKEL LOOKS BEARISH
BUY CRUDE AROUND 91.50 TGS 91.70/91.90 SL 91.30
ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH