All About Commodity

[mynameisandhy]

Gold Weak As USD Strong

 

Monday, April 16, 2012

 

Gold futures move weaker in Asian trade Monday as investors tried to hunt down assets such as hedge the U.S. dollar.

 

Gold futures for June fell $ 11.40 per troy ounce to $ 1,648.70 in electronic trading on the COMEX division.

Fall of the contract price of gold against the U.S. dollar upswing. U.S. currency is to continue strengthening that began last week as concerns over European financial re-surfaced along with the level of bond yields with maturities of 10 years and China's economic growth figures are disappointing.

[mynameisandhy]

Oil supported U.S. retail sales data

 

Tuesday, April 17, 2012

 

Crude oil traded near its highest closing level in two days in New York after U.S. retail sales showed an unexpected gain, indicating the U.S. economy continues to recover.

 

Crude oil declined slightly after rising for the third time in four days. Retail sales rose 0.8% in March, as indicated Commerce Department data.

 

Crude oil for May delivery was dilevel $ 102.90 per barrel, down three cents at NYME. Contract anik 10 cents yesterday to $ 1,002.93, its highest close since April 12. Throughout this year, oil prices have risen 4.1%.

 

Brent crude contract for June delivery was down 45 or 0.4% to $ 118.23 per barrel. European benchmark contract versus New York at $ 14.94.

[mynameisandhy]

Gold futures steady, purchases of physical gold quiet

 

Wednesday, April 18, 2012

 

Gold futures are stable as investors continue to monitor the economic development of Spain after a successful bond auction that took place yesterday. If not successful in the auction, maybe Spain would be to many countries of the euro zone should require an international bailout.

 

On the Comex division of the New York Mercantile Exchange, gold futures contract for June delivery was in the range of 1651.95 dollars per ounce. the range was up 0.05 percent from the previous range.

 

Gold futures contract for June delivery was in the range of 1650.15 dollars per ounce. level support of gold futures in the range of 1613.55 per troy ounce, the lowest range of achievement on 4 April. resistance level of gold in the range of 1685.25 dollars per ounce, the range ever achieved on 2 April.

 

Physical gold buying activity in Asia was quiet ahead of Akshaya Tritiya festival in India, the event which is usually the purchase of gold will soar soon be implemented next week. Wedding season has begun in some parts of India.

 

Still on the Comex division of Silver futures for May delivery rose 0.1 percent to 31.70 dollars per ounce kisarsan. Copper futures for May delivery naik0, 25 percent to around 3.656 dollars per pound.

[mynameisandhy]

Gold Weakens Again, Still Restricted Territory

 

Thursday, April 19, 2012

 

Gold price movements for this afternoon (19/4) is still limited moves. This is caused by the absence of positive sentiment that is strong enough to push the price of gold. Limited movement started since 13 April where the gold is only engaged in the range between the level from 1634 to 1657 dollars per troy ounce. Investors apparently are still awaiting the development of EU efforts to help the Spanish economy.

 

Current spot gold fell by 0.1% to thin 1639.46 dollars per troy ounce with the support level of 1636 dollars per troy ounce and resistant level of 1654 dollars per troy ounce.

 

Mixed conditions still occur in non gold metal commodities where the price of silver showed a decrease of 0.03% to 31.47 dollars per troy ounce, platinum rose 6.39% to 1676 dollars per troy ounce and palladium fell 1.8% to 644, 7 dollars per troy ounce.

[mynameisandhy]

Successful Gold Strengthens Thin

 

Friday, April 20, 2012

 

Gold futures edged higher on Friday (4/20/2012) morning, the debt rating on concern the French and U.S. jobless claims data.

 

Gold for June delivery rose U.S. $ 2.60, or 0.1% to U.S. $ 1,641.80 an ounce on the Comex division of the New York Mercantile Exchange.

 

Gold was traded at U.S. $ 1654.90 per ounce, according to FactSet Research, for bargain hunting, after correction dalama week to their lowest level in the previous session.

 

These metals also benefited from rumors of a possible downgrade of France shook the European market. This has sparked fears of a catastrophic re-euro zone. A downgrade in the near future, was not likely to bring the French to vote on Sunday, the first round of presidential elections.

 

Another positive sentiment for gold is U.S. weekly jobless claims higher than diantisipasi.Dukungan comes from data showing demand for unemployment benefits approached a high level of four months, giving investors reason to be concerned about the U.S. economy.

 

Other metals prices varied, with the May silver rose 27 cents, or 0.9% to U.S. $ 31.76 per ounce. Copper fell less than 1 cent, or 0.2% to U.S. $ 3.62 per pound.

[mynameisandhy]

China ragged Oil's Performance Oil

 

Monday, April 23, 2012

 

Oil slipped back in the London session as concerns over the euro-zone debt crisis and China's reduced demand for oil. Investors worried about the political developments in the euro zone could affect the government's commitment to lower the budget deficit. Hollande managed to beat Sarkozy in the first round of elections and Hollande will win the election predicted a second round which will take place next May 6. The Netherlands also will hold a general election after Prime Minister Rutte failed to get support to continue the policy of budgetary austerity.

 

Decline in Chinese oil consumption also helped undermine the performance of oil. China's oil demand fell to its lowest level in five months, only 9.51 million barrels / day for the month of March. China's PMI of manufacturing contraction also reiterate the biggest worries about economic slowdown in the world 2. China released its manufacturing index 49.1 in April, although better than previous publications, but still below the 50 level that signaled the continued contraction of the manufacturing sector.

 

The results of the meeting of finance ministers of G-20 also gave a negative sentiment. G-20 agreed to continue to monitor the movement of oil prices and ready to implement "additional measures" are needed, and welcomed the commitment of manufacturers to ensure an adequate supply.

[mynameisandhy]

Oil traded lower ahead of data release

 

Tuesday, April 24, 2012

 

Crude oil prices are dilevel lowest in the last two days in New York ahead of the release of data expected to show a rise in U.S. crude inventories kelevel its highest in 11 months.

 

Crude oil for June delivery was dilevel $ 102.87 a barrel on the NYME, the price dropped 24 cents. Yesterday, the contract fell 77 cents kelevel $ 103.11 and so far this year oil prices have risen 4.1%.

 

Brent oil contract for June delivery fell 11 cents in London kelevel $ 118.60 per barrel while the European benchmark contract dilevel versus New York was $ 15.73.

[mynameisandhy]

Silver Moving Sideway

 

Silver moves sideway but generally remained under pressure. 1 hour CCI has been providing visible indication of overbought, but there has been no confirmation of the stochastic signal. Likewise, the current bearish potential for still greater than bullish, with the goal to support at 30.47. Beware of the outbreak of resistance in the 31.02 because it will likely trigger bullish momentum towards 31.56.

[mynameisandhy]

The dollar weakened, gold managed to rebound

 

Gold rose the third day after the Federal Reserve chairman Ben S Bernanke said that he is prepared to act decisively when necessary. Prices a weaker dollar makes gold demand will soar.

 

Spot gold rose 0.3 percent to 1647.82 dollars per ounce range. previously, the gold was in the range of 1646.73 dollars per ounce. Gold managed to rebound after declining 1 percent yesterday. The dollar fell for three days against six other currencies including the euro.

 

Bernanke says Fed ready to add stimulus funds if needed, even if they do not change the policy of anything yesterday. Previously, the Fed has made ​​a purchase of assets in the two phases of 2.3 trillion dollars since 2008 to June 2011.

 

Gold futures contract for June delivery rose 0.3 percent to 1647.10 dollars per ounce on the Comex division of New York. Gold reserves fell by three days to a range of 2,389,755 metric tons, the lowest range since March 23 last.

 

The dollar fell against other currencies after the U.S. said in a statement that their economic growth weakened in the first Quartal this year. The MSCI index rose for two consecutive days.

 

Platinum, a metal with the best performance this year, slightly declined to around 1556.50 dollars per ounce, rebounding from its lowest range during the last three weeks yesterday. Silver spot slightly offset in the range of 30.73 dollars per ounce. palladium, a metal with the worst performance this year rose for the first time in four days rose 0.3 percent to 664.25 dollars per ounce range.

[mynameisandhy]

Fears The growth of Spanish and European Drag Oil

 

Friday, April 27, 2012

 

Nymex crude futures slumped on the weekend due to fears of economic growth in the euro zone again sticking post-downgrade Spain's credit rating by two ranks.

 

In addition there is the political uncertainty that has been a negative catalyst and the oil market is also a factor that oil demand in the seasonally low levels at the same time OPEC oil production reached its highest level in recent years.

 

S & P downgrade action on Spain's credit rating to BBB + derived from the previous A-also helped to shift the focus on economic growth. Spain's economy expected to contract by -1.5% in 2012 and -0.5% in 2013, down dramatically compared to previous estimates of the S & P +0.3% GDP growth in 2012 and +1% in 2013.

 

Observed so far oil futures contract for June traded down -0.16% to as low as $ 104.41 per barrel, after reaching an intraday highs at $ 104.47 and its daily lows at $ 103.74 per barrel.

[mynameisandhy]

Brent headed to monthly decline

 

Monday, April 30, 2012

 

Brent oil to the first decline in four months amid fears that the economic recovery of Europe terngah restrained.

 

Oil futures fell as much as 0.5 percent, extending losses to 2.9 percent this month. Spain's economy contracted in the first quarter, making the country into a second recession since 2009, the National Statistics Institute said. Minister of Spain will hold a press conference today on measures to reduce the budget deficit.

 

Brent oil trading contracts in June traded at $ 119.39 per barrel, down 44 cents, on London's ICE Futures Europe exchange in London observed until around 9:49 am local time. Price heading to the first monthly decline since December. Home-month premium benchmark oil contract for West Texas Intermediate Europe at $ 14.74, from $ 14.90 on 27 April.

 

Crude oil sales contracts in June traded at $ 104.67 per barrel, down 26 cents, in the New York Mercantile Exchange. Prices rebounded 1.6 percent this month after a 3.8 percent decline in March.

[mynameisandhy]

Gold Price Reaches Highest Position 2 Weeks in Asia Session

 

Tuesday, May 1, 2012

 

On electronic trading in Asia today gold prices posted an increase (01/05). This precious metal prices reached the highest position in two weeks and continued the trend of trade rose yesterday. The dollar remained under pressure against rivals who also helped gold prices to continue to increase.

 

In today's trading the dollar appears to be still continuing its bearish trend against most rivals. The U.S. dollar slumped amid expectations that the Fed will again provide further stimulus. These conditions resulted in the demand for dollar-traded commodities rose as the price becomes relatively more prosperity for overseas buyers.

 

At today's spot gold prices observed in the position of 1664.45 dollars per troy ounce. The price of gold has increased by 35 cents compared to the position of the close of trading early this morning. In today's trading spot gold price had increased to the position of 1667.70 dollars per troy ounce which is the highest price since April 13.

[mynameisandhy]

Gold Not Yet Out of Phase Correction

 

Wednesday, May 2, 2012

 

Correction in gold continues Wednesday (02/05) as the strengthening of the dollar index.

 

Gold futures June delivery fell $ 6.50 to $ 1,655.90 per ounce during the Asian session. Yesterday the price of this precious metal has been weakened after the release of manufacturing data United States (U.S.) is impressive.

 

Performance of positive economic data to create an index value of the dollar higher and make more gold selling expensive. Exchange rate can be even stronger if the private sector employment data released later also positive.

 

Gold can now look forward to the volume of physical metals demand in Asia, following the purchase of season and cultural trends. While more support could come from expectations the weakening of the dollar in the second half of 2012.

[mynameisandhy]

Oil prices fluctuate

 

Thursday, May 3, 2012

 

Oil declined slightly after falling the most in almost two weeks after U.S. employment data that showed off the mark from the previous estimate and the rise in U.S. oil inventories kelevel its highest in 21 years.

 

Oil futures contract moves between strengthening and weakening in New York after previously fell 0.9% yesterday. Prices fell after the U.S. released data showing that firms absorb labor is lower than forecast last month. The same thing happened in Germany with the rise in the number of unemployed exceeded expectations. U.S. oil inventories rose kelevel highest reported by the Energy Information Administration.

 

Crude oil for June delivery was dilevel $ 105.13, down 9 cents at NYME, the contract fell 94 cents yesterday kelevel $ 105.22. Contract lowest close since April 30. Oil prices have risen 6.4% so far this year.

 

Brent oil contracts are dilevle $ 118.31 a barrel, up 11% in London. European benchmark contract versus New York was at $ 13.16 from $ 12.98 yesterday.

[mynameisandhy]

Ahead of U.S. Data, Oil Collect Gain

 

Friday, May 4, 2012

 

Oil contract rose slowly in the early Asian market trade following the selloff last night (03/04), the gain is limited because of fears of oil investors ahead of U.S. payrolls data release at 19.30 pm that would affect oil prices.

 

Nymex oil, known as WTI, last night (03/04) fell to a low of two weeks while ICE Brent closed at its lowest level since early February. Economic activity in Europe are declining and jobs data which is predicted to negatively predicted will continue to depress prices, "said Jim Ritterbusch at Ritterbusch and Associates." Viewed from the perspective of oil prices are flat, Brent is still visible to the level of $ 112 while WTI is under the level $ 100. "

 

Nymex crude oil rose 13 cents to $ 102.67/barrel on Globex after closing down 2.6% last night, ICE Brent rose 15 cents to $ 116.23 after a 1.8% drop.

[mynameisandhy]

Decrease Sharply As Oil AIG Global Oil Demand

 

Monday, May 7, 2012

 

Oil prices fell sharply to its lowest level in 3 months, even penetrating below $ 98.40 per barrel from U.S. employment data reported weaker than expected.

 

Poor jobs report has sparked new concerns over global oil demand, let alone the global economic outlook still looks grim.

 

Observed so far in U.S. crude for June contract traded fell -0.90% to as low as $ 97.58 per barrel, after reaching an intraday highs at $ 98.24 and daily lows at $ 95.34 per barrel. Since last February, the New York Mercantile Exchange crude oil has fallen 10% from $ 109.77 per barrel level.

 

United States, as the world's biggest oil consumer, can be used as indicators of trends fuel demand primarily through the U.S. unemployment rate data, where high unemployment rates generally berkoelasi with a gloomy demand as users travel less and those who want a vacation.

 

In terms of supply, the world's largest oil exporter, Saudi Arabia has increased production by 10 million barrels in the last few days.

[mynameisandhy]

Gold prices still show a downward trend

 

Tuesday, May 8, 2012

 

Entering the second day, gold prices drop relisted. This afternoon, the price of gold in the spot market fell 0.5% to U.S. $ 1630.45 per troy ounce. At 14:56 pm Singapore time, the price of gold was at U.S. $ 1631.59 per troy ounce.

 

Meanwhile, the contract price of gold for June delivery dropped to U.S. $ 1631.80 per troy ounce on the Comex in New York. Yesterday, the same contract was down 0.4%.

 

There are a number of factors that affect the movement of Asian stock today. One of them, investors are worried about the future of Greek membership in the European zone. Conditions that weaken the euro against the U.S. dollar. In the end, the level of demand for gold as an alternative investments are also trimmed.

 

"The U.S. dollar strengthened, thus diminish the charm of gold as an alternative asset," said Lachlan Shaw, an analyst at Commonwealth Bank of Australia.

 

In India, yesterday (7/5), local government policy attracted a tax increase on gold jewelry. The move comes after the jewelry business went on strike for three weeks in March to oppose the policy.

 

"The high demand for gold from China will help boost the gold price movements. In addition, gold demand in India also started to recover and become an important factor in driving the price of gold," said James Steel, an analyst at HSBC Securities Inc.

[mynameisandhy]

Oil fell on the sixth day

 

Wednesday, May 9, 2012

 

Oil fell for a sixth day in New York, the longest decline in nearly two years, after U.S. crude reserves increasing, the world's largest consumer of commodities.

 

Oil futures fell as much as 0.9 percent after a 8.6 percent decline in the post the last five days. U.S. crude oil inventories increased 7.8 million barrels last week to 378 million, its highest level since August 1990, the American Petroleum Institute reported yesterday. Government reports crude inventories will be released today and is expected to show an increase of 2 million barrels, according to a Bloomberg News survey. Crude oil refining companies ready to rebound as the global increase of purchase, Societe Generale SA said in a statement.

 

Crude oil sales contracts in June fell 82 cents to $ 96.19 per barrel in electronic trading on the New York Mercantile Exchange and was at the level of $ 96.30 at 10:53 am London time. Oil slipped 1 percent to as low as $ 97.01 yesterday, its lowest close since February 6. Oil prices trade contract next month fell 2.6 percent this year. Decline in six days is the longest since July 2010.

 

June Brent oil contract is trading at $ 111.99 per barrel, down 0.7 percent, ICE Futures Europe Exchange. Premium European benchmark contract for West Texas Intermediate at $ 15.68, little changed from $ 15.72 on the session yesterday.

[mynameisandhy]

The seventh day, oil the stumbling

 

Thursday, May 10, 2012

 

Oil fell for the seventh consecutive day in New York, the longest decline since December 2009, after hopes for a solution to ease the debt crisis of Europe, the U.S. oil inventories rose while imports of China down.

 

West Texas Intermediate oil dropped 0.7 percent. U.S. crude inventories rose oiled 3.7 million barrels last week to 379.5 million barrels, the highest level since 1990, even in times of shrinking fuel supplies, the Energy Department showed yesterday.

 

Euro gains against the dollar wiped out after the Greek attempt to form a government and the cost of insurance against the failure of Spain's debt rose to a record. China, the world's second largest oil user, reducing oil imports mentahnyadalam lowest note in the last four months.

 

WTI oil trading contracts in June fell 66 cents to $ 96.15 per barrel in electronic trading on the New York Mercantile Exchange and was observed in the level of $ 96.24 at 10:56 am London time. Oil slipped 20 cents yesterday to $ 96.81, its lowest close since February 2. Oil prices slumped 2.6 percent this year.

 

Brent oil contract fell 15 cents, trading in June, or 0.1 percent, to $ 113.05 per barrel on the ICE Futures Europe exchange. The European benchmark contract premiums obtain any West Texas Intermediate at $ 16.81, compared with $ 16.39 on the session yesterday.

[mynameisandhy]

Because of risk aversion, gold dipped

 

Friday, May 11, 2012

 

Gold and silver trading at trading in Asia and Europe in session Friday, as the dollar extended rise in 10 sessions, after the market makers to avoid the risk of trading losses are behind the shocking news of JP Morgan Chase & Co.

 

The investment bank last Thursday said that they suffered a loss of $ 2 billion in derivatives trading losses.

 

Dollar-denominated commodities such as gold often hit by the strengthening U.S. dollar.

 

June gold contract trading down $ 11.80, or 0.8 percent to as low as $ 1,583.60 per ounce, while July silver sales contracts fell 42 cents, or 1.4 percent to as low as $ 28.76 per ounce. July copper sales contracts fell 3 cents, or 0.5 percent to as low as $ 3.66 per pound. July platinum contract trading down $ 17.10, or 1.1 percent to as low as $ 1,476.70 per ounce. Trade June palladium contract slumped $ 5.10, or 0.8 percent to as low as $ 610.25 per ounce.

[mynameisandhy]

Note the decline in gold and silver

 

Monday, May 14, 2012

 

Gold futures, which experienced a mild decrease in trade sepajang Asia, increasingly struggled during the European electronic trading on Monday as the dollar a boost obtain any safer pressing demand for the metal.

June gold contract trading down $ 12.90, or 0.8 percent to as low as $ 1,570.90 an ounce on the Comex division of the New York Mercantile Exchange.

Open a trade for this week with this decline occurred after the metal settled at its lowest level this year on the Friday session, because of political turmoil in Europe prompted investors to the U.S. dollar.

Talks between the potential coalition partners mengalmi kemudurunan in Greece on Sunday, thus increasing the possibility of new elections and sparked fears for the future of the euro zone.

With a European background of uncertainty, the dollar continued to strengthen in session Monday, with the ICE dollar index, which tracks the U.S. dollar trading against six other currencies, traded at 80.463, up from 80.250 in late trading level of North America in the session of the weekend.

Other metals down the decline of gold, with copper leading the decline. July copper sales contracts fell 7 cents, or 2 percent to as low as $ 3.58 per pound. July silver sales contracts fell 41 cents, or 1.4 percent to as low as $ 28.49 per ounce. July platinum contract trading down $ 14.50, or 1 percent to as low as $ 1,456.90 per ounce, while June palladium contract trading down $ 7.40, or 1.2 percent to as low as $ 596.00 per ounce.

[mynameisandhy]

The price of gold fell to its lowest level this year

 

Tuesday, May 15, 2012

 

The price of gold fell to its lowest level this year. This afternoon, the price of gold for fast delivery fell 0.2% to U.S. $ 1552.97 per troy ounce. This is the lowest level since December 30 last. At 12:54 pm Singapore time, the price of gold is not much to record changes in the level of U.S. $ 1554.72 per troy ounce.

 

The decline in gold prices occurred as the weakening position of the euro against the U.S. dollar. Conditions that lead to gold as an alternative asset charm begins to fade. Keoknya euros related to the possibility of the issuance of Greece from the European zone.

 

"Gold prices depressed because of the strengthening U.S. dollar. Markets are no longer looking at gold as a safe asset because a lot of factors that suppress the gold price," said Jonathan Barratt, chief executive of Barratt's Bulletin in Sydney.

 

Just an additional course, commodity prices have gone down for the day is the 10th. This is the longest period of decline since 1998 last. One reason for the decline in oil prices to their lowest level of four months.

[mynameisandhy]

Oil touch the lowest level of 6 months

 

Wednesday, May 16, 2012

 

Crude oil futures fell to its lowest level since November during the European morning trading session on Wednesday, as investors continued to reduce their exposure to growth-related assets after attempts to form a new government in Greece collapses.

 

On the New York Mercantile Exchange, light sweet crude oil sales contracts in June traded at $ 92.05 per barrel during European morning trading, or 2.05 percent plunge. Oil falls 2.4 percent previously had traded at $ 91.81 per barrel, its lowest level since November 3, 2011.

 

Oil prices have recorded a drastic decline since the May 6 election results in Greece cast doubt on the future of the country's international bailout deal and sparked fears of possible exit from the eurozone Greece. WTI June contract was down nearly 6.5 percent in the last eight trading sessions.

 

Speculation over the possibility of Greece out of the euro zone rose on Tuesday after talks aimed at forming a coalition government failed. A caretaker government will be appointed on Wednesday, with the possibility of new elections will take place in early June, sparking fears over the potential default of Greece and finally out of the euro zone.

 

Reports that Greece has attracted as many as 700 million euros from the national banking system since the election results continue to add a bleak environment.

 

On the other peradgangan, the ICE Futures Exchange, June Brent contract fell 1.45 percent trades traded at 109.86 per barrel, with the difference between oil and Brent crude was at $ 17.81.

[mynameisandhy]

Oil began to rise

 

Thursday, May 17, 2012

 

Oil prices rose from its lowest level in more than six months in New York after the Japanese economic data beat expectations and after the technical indicators show a decline in oil prices a while back too much.

 

Oil futures contract rose 0.7%, rising for the first five days dlaam. Throughout this week tlah oil prices fell 11% due to stress concerns the European crisis will worsen and the pressing demand for oil. but then oil prices rebound after hitting a support level. Japan's economy grew 4.1% per year in the first quarter. Oil also got a positive sentiment from Enbridge Inc.. LP and Enterprise Products parteners scheduled to reverse the flow of Seaway pipeline, crude oil flowing to the south of Cushing, Oklahoma, to the Gulf Coast.

 

Crude oil for June delivery rose 66 cents to $ 93.47 a barrel on the NYME. The contract closed at $ 92.81 dilevel lowest. Oil prices are down 5.4% so far this year.

 

Brent oil contract fell 40 cents to $ 109.35 per barrel in London. The June contract ended down 53 cents today to $ 111.71. European benchmark contract versus $ 15.50 for West Texas.

[mynameisandhy]

Gold Rebound Slowly, Europe Start Consolidation

 

Friday, May 18, 2012

 

The price of gold to trade this afternoon (18/5) observed an increase. Thin gold rebounded after several European countries tried to keep Greece out of its intention to issue the EU membership. Germany and France agreed to issue a new policy in terms of economic recovery in the region.

 

Spot gold rose by 0.9% to 1587.85 basis points, with the support level at 1566.06 dollars per troy ounce and resistant level at 1596.37 dollars per troy ounce.

 

Rising gold prices helped push other metals such as silver commodities which rose 1.2% to 28.38 dollars per troy ounce, palladium rose 0.5% to 606.5 dollars per troy ounce and platinum rose 0.7% to 1462.75 dollars per troy ounce.